Continuing a trend that started 35 years ago, an Economic Policy Institute report documents that the benefits of the rebounding economy are flowing primarily to the wealthiest Americans.
While overall American families have rebuilt their household wealth during the economic recovery in the wake of the Great Recession, not all households have benefited equally from the economic recovery.
The Chicago City Council on Tuesday approved a plan to raise the city’s minimum wage to $13 an hour by the middle of 2019. In Chicago and the rest of Illinois, the minimum wage stands at $8.25, a number similar to that of many other states in the country.
The Senate’s third-ranking Democrat said the middle class “knows in its gut” that only a “strong and active government” can stop the economic bleeding that has caused median incomes to drop $3,600 since President Bush first took office in 2001.
When we hear “stress kills,” we often imagine a wealthy business executive dying of a heart attack in their early 50s because they put in too many long nights at the office. But stress also kills pregnant Black women and their babies in a more surreptitious way.
In his defense of the faceless poor, the pope misses the fact that women are more likely than men to be in poverty—because of the very kind of structural inequality that his church models for the world as an image of holiness.