Extensive data shows punishing reach of racism for black boys, By Emily Badger, Claire Cain Miller, Adam Pearce and Kevin Quealy, March 19, 2018, New York Times: “Black boys raised in America, even in the wealthiest families and living in some of the most well-to-do neighborhoods, still earn less in adulthood than white boys with similar backgrounds, according to a sweeping new study that traced the lives of millions of children. White boys who grow up rich are likely to remain that way. Black boys raised at the top, however, are more likely to become poor than to stay wealthy in their own adult households…”
Tag: Economic inequality
Global Inequality
- Report: America’s income inequality is on par with Russia’s, December 15, 2017, CBS News: “The lopsided fortunes of America’s richest and poorest citizens are now on par with Russia’s after three decades of rising income inequality, according to a new report from economists Thomas Piketty and Emmanuel Saez…”
- U.S. lawmakers are redistributing income from the poor to the rich, according to massive new study, By Christopher Ingraham, December 15, 2017, Washington Post: “Back in 1980, the bottom 50 percent of wage-earners in the United States earned about 21 percent of all income in the country — nearly twice as much as the share of income (11 percent) earned by the top 1 percent of Americans. But today, according to a massive new study on global inequality, those numbers have nearly reversed: The bottom 50 percent take in only 13 percent of the income pie, while the top 1 percent grab over 20 percent of the country’s income…”
Climate Change and Economic Inequality
Climate change in the U.S. could help the rich and hurt the poor, By Brady Dennis, June 29, 2017, Washington Post: “Researchers have long warned that unmitigated climate change could cause severe financial hardship to the United States in coming decades. But a new study published Thursday in the journal Science details how global warming could disproportionately affect poor areas of the country, contributing to widening economic inequality among Americans…”