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Tag: Income Inequality

Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty

Age of Obama: Low-Income Workers See Greatest Decline in Wages

We all know what the standard liberal snake-oil response to stagnant wages is: job-killing minimum wage hikes, which also tend to be a big part of the reason income increases grow scarce in the workplace, producing the understandably frustrating wage stagnation people complained about to the NELP researchers and the New York Times. Nothing kills upward mobility for lower-income workers deader than high minimum wages and mandated labor costs like ObamaCare.

AP Photo

Inherited Super Wealth Is On the Decline

Forbes released it’s annual list of the world’s billionaires and it shows that America is increasingly becoming a nation of self-made elite. Since Forbes started keeping track in 1984, the number of completely self-made billionaires (who grew from little wealth)