Tag: Income Inequality

According to findings in the Journal of the American Medical Association, African-American men in poverty in the US saw a 2.7 times higher risk of death than African-American men living above poverty status

McKinsey: 2/3 of Western Economies Not Seeing Income Gains

McKinsey & Company was one of the biggest advocates of globalization, but the company just published a report warning that with incomes for two-thirds of households in 25 advanced economies flat or down between 2005 and 2014, advanced countries are about to suffer “corrosive economic and social consequences.”

CAMBODIA, Phnom Penh : This handout photo taken and released by the Extraordinary Chambers in the Courts of Cambodia (ECCC) on July 2, 2015 shows former Khmer Rouge head of state Khieu Samphan sitting in the courtroom at the ECCC in Phnom Penh. Two former Khmer Rouge leaders July 2 began appeal hearings against their landmark convictions for crimes against humanity last year which saw them handed life sentences by Cambodia's UN-backed court. AFP PHOTO / ECCC / MARK PETERS ----EDITORS NOTE---- RESTRICTED TO EDITORIAL USE MANDATORY CREDIT "AFP PHOTO / MARK PETERS / ECCC" NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

Khieu Samphan: ‘I Have Never Wanted Anything Other Than Social Justice’

“What I want to say today and what I want my countrymen to hear is that as an intellectual I have never wanted anything other than social justice for my country,” 84-year-old Khieu Samphan told a courtroom on Wednesday. “I shall shout loudly that I never wanted to agree to any policy that is against the Cambodian people.”

AP Photo/Jacquelyn Martin

Bernie Sanders: SOTU Excellent, Hillary Clinton Backed by ‘Powerful Special Interests’

Democratic presidential candidate Bernie Sanders — an avowed socialist — lauded President Obama’s 2016 State of the Union address on Tuesday night before aligning himself with the President, taking a shot at fellow candidate Hillary Clinton for “wealthy and powerful” special interest financial backers, and drawing attention to Clinton’s “income inequality” inexperience.

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)