Jason Furman, chair of the White House Council of Economic Advisers from 2013 to 2017 under President Barack Obama, writes that “in the past few years, wage growth has actually been stronger at the bottom than at the top,” contrary to what Nancy Pelosi claims.
One reason Democrat politicians talk a lot about inequality may be that Democrat-dominated states have much higher levels income disparity.
Median rent in San Francisco has skyrocketed above $4000 a month. Ben Carson’s HUD can play a vital role in stopping this anti-market behavior.
The massive Oakland fire that killed at least nine and perhaps dozens more people Friday night at a warehouse artists’ collective known as the “Ghost Ship” symbolizes the Bay Area’s internal struggle with its own success as a creative hub.
Sen. Bernie Sanders (I-VT) is campaigning hard in Southern California this week, determined to fight to the finish and deny Hillary Clinton her crowning moment in the June 7 California primary, forcing a “contested convention” in Philadelphia in July.
The International Monetary Fund (IMF) released a report Wednesday finding that annual cost of bribes paid in both developing countries and advanced economies amounts to $1.5 to $2 trillion globally.
Israel has some of the widest gaps in wealthy nations between children from middle household income levels and those from lowest income levels, a new UN study found.
With feminist witch-hunts rapidly going out of fashion, the social justice warriors of tech have latched onto a new cause: economic inequality.
Indeed, even The New York Times economic columnist Paul Krugman–an unabashed supporter of government intervention into the market–dedicated an entire column to highlighting the role of housing restrictions and inequality.
San Francisco is a living crystal ball of what happens when a city refuses to build enough housing to accommodate the dense clustering of high-tech and service workers natural to modern industries.
San Francisco is enjoying the benefits of a new tech boom, but black residents are left behind–or leaving.
That’s the story told by new data on incomes, which show that white, Asian and Latino residents saw increases in 2014, but blacks saw their incomes fall by nearly 5 percent,
The California State Senate voted on party lines Monday to raise the minimum wage to $13 per hour by 2017–a 44% increase from where it stands today, at $9 per hour. Just two years ago, Gov. Jerry Brown signed a bill that increased the minimum from $8 per hour in 2013 to $10 per hour by 2016. The new bill, introduced by State Sen. Mark Leno (D-San Francisco) as a measure to reduce poverty and inequality, would amount to a staggering and unprecedented 62.5% increase in four years.
With San Francisco offering massive tax incentives to redevelop 77 dilapidated warehouse buildings into a “Twitter Town” for the “digerati” venture capital crowd, the adjacent Mission District community is now in turmoil, as the city’s poor are being booted to make room for new buildings and Airbnb vacation rental conversions.
A new economic analysis finds that Santa Clara Country could completely end its homeless problem at zero net cost by providing public housing for every single person living on the street. The study, from the Knowledge for Greater Good Economic
Women in the UK are more than twice as likely to die during pregnancy and childbirth than those in Belarus, Poland and Israel, according to new research. The report also found that a child born in the UK is twice as
Despite lingering gloom from the economic recession, life is getting much better for the most distressed people all over the world.
San Jose, once viewed as a jewel, called “America’s safest big city” and known as the prime bedroom community of Silicon Valley, now has little money. Its libraries close some of the time, its potholes remain unfixed, and its police force goes understaffed.
