Tag Archives: inequality

Post-pandemic America has seen inflation grow rapidly, along with household income inequality. According to a recent study published by the Economic Policy Institute (EPI), household incomes have decreased for the average American since 2019 and vary widely by state. (Income is defined as earnings plus Social Security, dividends, interest, etc.) For example, southern states like Louisiana, Alabama, Mississippi, and Arkansas saw a median income of $55,000 or less in 2021, whereas Maryland… Source link

Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger on Saturday declared progressive Vermont Senator Bernie Sanders (I-VT) the victor in the nation’s political fight over income inequality. The hot economy and loose monetary policy will end up narrowing the nation’s wealth gap, Munger predicted. “With everything boomed up so high and interest rates so low, what’s going to happen is the millennial generation is going to have a hell of a time getting rich compared to our generation,”… Source link

Compared to health care and running water, internet connectivity may not seem so vital. But the pandemic showed why that thinking is wrong. Quarantined households have relied on laptops and tablets to stay connected to work, school and other humans — as well as file for unemployment, search for and apply to jobs, visit a virtual doctor appointment or schedule a Covid-19 test. Those who can’t connect are at a severe disadvantage. While the lucky ones treat the new year as… Source link

Compared to health care and running water, internet connectivity may not seem so vital. But the pandemic showed why that thinking is wrong. Quarantined households have relied on laptops and tablets to stay connected to work, school and other humans — as well as file for unemployment, search for and apply to jobs, visit a virtual doctor appointment or schedule a Covid-19 test. Those who can’t connect are at a severe disadvantage. While the lucky ones treat the new year as… Source link

(Bloomberg Opinion) — Last year was painful for many. Along with those who lost loved ones to Covid-19, perhaps no one felt that pain more than the essential worker, the low-income single parent, the isolated, the marginalized. Often they were the same person. Whether Black and poor in a densely populated city, or White and secluded in a rural area, large numbers of Americans who were already struggling before the pandemic came under even further strain. Adding to the distress, these people… Source link

Last year was painful for many. Along with those who lost loved ones to Covid-19, perhaps no one felt that pain more than the essential worker, the low-income single parent, the isolated, the marginalized. Often they were the same person. Whether Black and poor in a densely populated city, or White and secluded in a rural area, large numbers of Americans who were already struggling before the pandemic came under even further strain. Adding to the distress, these people were deprived… Source link

“The dream will become a nightmare,” Siddall says on wealth inequality Canada markets open in 9 hours 29 minutes S&P/TSX 16,294.66 +173.34 (+1.08%)   S&P 500 3,258.44 +40.00 (+1.24%)   DOW 26,539.57 +160.29 (+0.61%)   CAD/USD 0.7496 -0.0004 (-0.05%)   CRUDE OIL 41.27 0.00 (0.00%)   BTC-CAD 14,681.84 -101.70 (-0.69%)   CMC Crypto 200 156.75 0.00 (0.00%)   GOLD FUTURES 1,958.60 +5.20 (+0.27%)   RUSSELL 2000 1,500.63 +30.87 (+2.10%)   10-Yr Bond 0.5790 -0.0020 (-0.34%)   NASDAQ futures 10,675.25 +1.00 (+0.01%)   VOLATILITY

NEW YORK (AP) — Organizers of a national strike say tens of thousands of workers are set to walk off the job Monday in more than two dozen U.S. cities to protest systemic racism and economic inequality that has only worsened during the coronavirus pandemic. Dubbed the “Strike for Black Lives,” labor unions, along with social and racial justice organizations from New York City to Los Angeles, will participate in a range of planned actions. In places where work stoppages are not possible… Source link