income inequity explained: "... if you’re in the bottom 90% of wage earners, you’ve seen wage growth of far less than 1% per year over the past 43 years. If you’re in the “upper middle class” (NYT Op Ed definition) things look very different."
#incomeinquity https://www.lawyersgunsmoneyblog.com/2024/01/the-radical-increase-in-wage-inequality
The radical increase in wage inequality - Lawyers, Guns & Money
The Economic Policy Institute has crunched the latest SSA wage data, and placed it in context: the context being what’s been happening to American workers since the 1970s: For those who were told there would be no math, if you’re in the bottom 90% of wage earners, you’ve seen wage growth of far less than […]
"...about 80 percent of members make less than $27,000, while some studio bosses pull in more than $100 million a year."
(( no paywall)
#incomeinquity Read here:
https://wapo.st/4734TPw
His Hollywood star was finally rising. Now he cleans apartments.
The strikes are testing the dreams of actors and writers already struggling to get by. Their stories are far more common than those of famous stars.
LR: summary
The well-off have discovered the joy of city life
The hoi polloi are being pushed out to the suburbs
solution: what is needed is affordable housing, easily assessible public transport, and fairer schooling [Japan given as an example]
#incomeinquity
https://www.theguardian.com/cities/2023/jun/29/how-to-reduce-the-damage-done-by-gentrification?CMP=share_btn_tw
How to reduce the damage done by gentrification
The long read: We cannot let our cities descend into islands of privilege amid seas of disadvantage. With the right policies and investments, a better future is possible
The question of why some should be able to hoard all the planet's wealth is one that humans have struggled with throughout the Anthropocene epoch
by @JoshuaPHilll
#incomeinquity https://open.substack.com/pub/newmeans/p/we-need-a-world-without-billionaires?r=4ge5d&utm_campaign=post&utm_medium=web
We Need A World Without Billionaires
Yes I mean all billionaires
Universal basic income of £1,600 a month to be trialled in two places in England
Scheme to run for two years and participants will be monitored to see what effect it has on mental and physical health
I've often wondered how different things would be if more folks could afford to live on just one income, whether the breadwinner is male or female.. As things stand now, only the wealthy can afford that lifestyle, and the % of male breadwinners perpetuates gender inequity in the workplace..
#work #incomeinquity https://phys.org/news/2023-06-super-rich-couples-breadwinning-husbands-stay-at-home.html via @physorg_com
Most super-rich couples have breadwinning husbands and stay-at-home wives, contrasting sharply with everyone else
Men are the sole breadwinners in over half of super-rich heterosexual couples—defined as those in the top 1% of households—while the women are not employed, according to our new peer-reviewed study. That's twice the rate of less affluent heterosexual couples.
The rental market is insane right now, especially where I live. It is definitely skewed to benefit folks who make far more money each month than thee or me!
#incomeinquity #housing (( no paywall ))
https://wapo.st/3HKHkjm
A TikToker exposes how much people pay for rent. Viewers can’t get enough.
Caleb Simpson's videos grew into an informal reference guide for 20- and 30-somethings navigating the rental market.
Let's compare the % of income the “affluent” retain AFTER paying taxes to the % of income the rest of us retain.
Then cry me a river about how no one is worrying about the health and prosperity of the “affluent”
#incomeinquity
https://www.lawyersgunsmoneyblog.com/2023/04/who-will-speak-for-the-affluent
Who will speak for the “affluent?”
The Wall Street Jour al’s op-ed page, of course: Preside t Bide releases his fiscal 2024 budget ext week, a d he said this week he will agai propose a tax i crease so that everyo e pays their “fair share.” That makes this a good mome t to look agai at who pays what i i come taxes compared [...]
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