NOVEMBER 18, 2014
A new poll has some disturbing news for Democrats: the country defers to Republicans rather than Democrats when it comes to the economy. Continue reading Poll: Public Has ‘Pulled Back’ From Dems On The Economy
Tag Archives: #Inequality
Over 50 and once successful, jobless Americans seek support groups to help where Congress has failed | Money | The Guardian
Friday 7 November 2014
When she lost her job, Lisa Casino-Schuetz fell into a depression. Then she felt the deepest fear she had ever experienced. Continue reading Over 50 and once successful, jobless Americans seek support groups to help where Congress has failed | Money | The Guardian
Dem Politics: Post-mortem is the new rehab
Former Governor Howard Dean was on Meet The Press today. With the exception of the very last sentence in this clip, I am in full agreement with everything he said.
Tuesday’s defeat was bound to be the catalyst for the kinds of events that happen after, well, all defeats. The victor gloats. Usually, the defeated retreat for a bit to reflect on their loss and how to move on. Continue reading Dem Politics: Post-mortem is the new rehab
Jared Bernstein: 2013 #poverty and #income results: Rising tide lifts a few boats, but the levee needs work
By Jared Bernstein
September 16th, 2014
They’re out and I’ve got an extensive analysis up at PostEverything. For here, some highlights.
–The poverty rate fell more than I expected last year–down half-a-percentage point from 15% in 2012 to 14.5% in 2013. It was fully driven by a sharp decline in child poverty rate, which fell almost two percentage points, from 21.8% to 19.9%, the largest one-year decline since 1966.
Jared Bernstein: Absent full employment or a bubble, middle class income and wealth will fall
By Jared Bernstein
September 15, 2014
Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites.
Larry Summers adds concerns about insufficient supply to those about inadequate demand…to which I ask, “why go there?” | Jared Bernstein | On the Economy
By Jared Bernstein
Larry Summers adds concerns about insufficient supply to those about inadequate demand…to which I ask, “why go there?”
Encore: How Tax Reform Can Save the Middle Class | Moyers & Company | BillMoyers.com
Encore: How Tax Reform Can Save the Middle Class
UPDATED: It’s a miracle #MichaelBrown even graduated from this beleaguered school
UPDATE:
I called Normandy high school today and asked the person who answered the phone to confirm or deny that the entire class of 2014 had to share graduation gowns for their pictures. The person denied the story.
August 14, 2014
Mark Sumner
In Pluto’s diary on the life of Michael Brown, you might notice one detail that’s both touching and disturbing:
Mike’s graduation photograph was taken in March 2014, still many months ahead of when he would be able to graduate in August. Imagine the “why” of this fact:
The grinding poverty in Mike’s world only allowed Normandy High School to acquire two graduation gowns to be shared by the entire class. The students passed a gown from one to the other. Each put the gown on, in turn, and sat before the camera to have their graduation photographs taken. Until it was Mike’s turn.
What kind of American school would have to share robes across the entire senior class? Continue reading UPDATED: It’s a miracle #MichaelBrown even graduated from this beleaguered school
By the Numbers: US Poverty | BillMoyersHQ
US poverty (less than $19,090 for a family of three): 46.5 million people, 15 percent
Children in poverty: 16.4 million, 23 percent of all children, including 39.6 percent of African-American children and 33.7 percent of Latino children. Children are the poorest age group in the US
Jared Bernstein: A Quick Check-in on the Wage Front
We don’t yet have all the data I need to update my full-monty-wage-mash-up, but a few series to which I pay attention are now available for the first half of the year: median weekly earnings (MWE) of full-time workers and two flavors of average hourly earnings. What do they show?
Not much, in terms of wage pressures. MWE is a very noisy series–medians are a more volatile statistic then means–so in order to show underlying pace in nominal weekly earnings, I’ve smoothed the series (using an HP filter; both figures show year-over-year changes). Amidst the jumpiness, the deceleration is clear.
Continue reading Jared Bernstein: A Quick Check-in on the Wage Front