Even lawyers face income inequality
The income gap is widening — among lawyers. While billing rates for law partners increased in 2011 by around 4 percent, year over year, that good fortune was unevenly distributed.
Found more than 1 month ago on channel MSNBC
Was Thatcherism Good (or Bad) for the Economy?
Margaret Thatcher was known as the woman who, between 1979 to 1990, brought austerity and — at least for part of her tenure — economic growth to a stagflation-riddled Britain. She’s also known as a heedless free-market deregulator who set the stage for financial boom and bust, as well as for growing inequality. At a time when the debate over growth and austerity is front and center in the UK, the US, Europe, and much of the rest of the world, what is the legacy of Thatcher economics? Below, a look at some of the Iron Lady’s key economic ideas and what, if anything, they have to teach us today. A focus on inflation versus unemployment. Perhaps it was justified back then, given that inflation in Britain in the late 1970s was heading towards 20%. But as Capital Economics managing director Roger Bootle points out in his smart look at Thatcher’s legacy in The Telegraph, the result of the government’s policy of fighting inflation by hiking interest rates fast and hard was “a cripplingly ...
Are you afraid of big data?
The huge promise of big data also implies a big threat of inequality and unemployment -- but one writer thinks he has a solution
Found 1 month ago on channel CBS
Timothy Noah on America's income immobility
New Republic senior editor says economic inequality in U.S. cuts opportunities for advancement, degrades the American Dream
Found more than 1 month ago on channel CBS
A surprise viral hit: Income inequality, the movie
You may have been forwarded an unusual YouTube video this week, based on an economic analysis of income inequality. But where did it come from?
Are CEOs worth 380 times what the average worker makes?
A new viral video called "Wealth Inequality in America" has put a spotlight on CEO pay.