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Income Inequality Is Costing the U.S. on Social Issues

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Benjamin Friedman on high unemployment, income gaps and higher inequality, and the consequences for the social fabric of America

08/06/2010

Grouped Articles

Young and Isolated

New York Times 06/22/2013

OECD report cites rising income inequality - The Washington Post

Washington Post 12/06/2011

Rich Man’s Recovery

New York Times 09/12/2013

The Economy Needs a Bit of Ingenuity

New York Times 08/06/2010

A Look at the Global One Percent

Wall Street Journal 03/09/2012

The world economy: Wealth without workers, workers without wealth

Economist 10/06/2014

Jerry Muller on Capitalism and Inequality- preserving economic dynamism and maintaining protections for the middle class and the poor

04/15/2009

Muller points out that the family really matters and belonging to particular social, immigrant, ethnic and religious groups also makes a difference. Muller says having a clear eyed view shows protections are necessary for capitalism to work, yet also points out that in advanced capitalist societies muc of the framework for the protections such as unemployment insurance, Medicare, Medicaid, Social Security, Earned Income Credit, Affordable Care Act, are already in place. Individual societies and countries have to come up with their own solutions for economic protections. At the same time economic dynamism is critical part of vibrant democracy and capitalism. This requires human capital to be deployed in the best way possible. For individual countries this means increasing and preserving competitiveness in the global marketplace.

Grouped Articles

Young and Isolated

New York Times 06/22/2013

OECD report cites rising income inequality - The Washington Post

Washington Post 12/06/2011

U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide

Wall Street Journal 07/22/2013

Rich Man’s Recovery

New York Times 09/12/2013

America’s Sinking Middle Class

New York Times 09/18/2013

Germany's Social Democrats Agree to Coalition Talks With Merkel

Wall Street Journal 10/21/2013

Friedman reviews "Why Nations Fail" by Acemoglu and Robinson

01/15/2011

The need for an inclusive society to generate growth and create opportunities. The failure of societies which concentrate power and many in the hands of a few. The experience of Britain and the U.S. in the modern period of the age of enlightenment and the industrial revolution of the eighteenth and nineteenth centuries compared to the decline in Asia. Similiar views expressed by Adam Smith in his "Wealth of Nations," documenting the changes in Britain in the period from the feudal to the industrial period that brought progressive change and improvement in the lives of the people. The lessons for today in a period of increasing inequality in the U.S. and China, are self-evident.

Grouped Articles

Japan Is a Model Not a Cautionary Tale

New York Times 06/09/2013

Rich Man’s Recovery

New York Times 09/12/2013

Upward Mobility Has Not Declined, Study Says

New York Times 01/23/2014

Janet Yellen Warns of Inequality Threat

New York Times 10/17/2014

Bad Stock-Market Timing Fueled Wealth Disparity

Wall Street Journal 10/27/2014

Income Inequality Is Costing the U.S. on Social Issues

New York Times 04/28/2015

The other roots of increasing inequality in the U.S.- global competition and sourcing, the case of the U.S. auto industry and manufacturing workers

03/24/2015

Auto parts imports into the U.S. from Mexico have increased by 86% since 2008, more than doubled for China. As wages rise in China, India is the next source country for low cost automobile parts from auto industry hubs in Gujarat and Tamilnadu, placing continuous downward pressure on manufacturing wages for the next decade, and the next. Parts imports were $32 billion in 1990, $138 billion in 2014. Workers in manufacturing make as low as $10 an hour today, similar to workers at Wal-Mart. An entire generation of manufacturing workers are now shifted from middle class to lower class from their parents generation to their own, reducing educational mobility in the American system and fewer opportunities for improvement. As more jobs are created in manufacturing than in IT related industries this is a significant hurdle for improving wages and employment in the U.S.

Grouped Articles

U.S. Car-Making Boom? Not for Auto-Industry Workers

Wall Street Journal 03/24/2015

Income Inequality Is Costing the U.S. on Social Issues

New York Times 04/28/2015

Economic-Ladder Concerns Trump Income Gap in Poll

Wall Street Journal 05/05/2015

Sanders, Corbyn and the coming debate inside the Democratic Party - The Washington Post

Washington Post 09/13/2015

U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise

New York Times 09/18/2015

A stunning stat about pay seems impossible but actually is true - The Washington Post

Washington Post 09/22/2015

Women and inequality in the U.S.

08/18/2014

Grouped Articles

Among the Poor, Women Feel Inequality More Deeply

New York Times 08/18/2014

Janet Yellen Warns of Inequality Threat

New York Times 10/17/2014

Bad Stock-Market Timing Fueled Wealth Disparity

Wall Street Journal 10/27/2014

Income Inequality Is Costing the U.S. on Social Issues

New York Times 04/28/2015

Race, Class and Neglect

New York Times 05/04/2015

Economic-Ladder Concerns Trump Income Gap in Poll

Wall Street Journal 05/05/2015


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