A congressman said this to low-income workers.
Viewing Posts tagged: inequality
I would vote to repeal the minimum wage.
We’re glad you’re actually proud of that, congressman.
This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
Pope Francis condemns trickle-down economics.
Watch the 1 percent gobble up the country’s income.
Just a year and half ago, Occupy Wall Street was all anyone could talk about. President Obama won a historic second term running on these themes and announced a new era of liberal governance in his recent Inaugural address. Yet, even with strong evidence out of Europe that austerity is failing, and public opinion polls in the U.S. showing clear opposition to rising inequality, the political class in Washington is collectively trying to convince itself that America can cut its way to prosperity and economic opportunity for the middle class.
What happened? There’s actually a straightforward reason.
Nice work if you can get it.
- 20.6: Percentage of African Americans, in March 2009, with at least a bachelor’s degree.
- 14: Percentage of Hispanics.
- 31.9: Percentage of whites.
- 20 percent less: Amount earned by African Americans with bachelor’s degrees versus whites with the same amount of education.
- 63: Percentage of all jobs in the next 10 years that will require at least some postsecondary education.
- 13: Percentage of African Americans getting higher education