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This past Friday, in a speech to the Federal Reserve Bank of Boston, the Federal Reserve Chair, Janet Yellen, spoke out on the evils of economic inequality in the United States. She noted that the steady growth in inequality over the past several decades represents the most sustained rise since the
Blog
Ben Peck
The Supreme Court said Saturday that, for the first time, it is allowing a voting law to be used for an election even though a federal judge, after conducting a trial, found the law is racially discriminatory in both its intent and its impact, and is an unconstitutional poll tax. It is not only not
Blog
Liz Kennedy
For a moment last week, it looked like Walmart CEOs were getting enlightened. The company promised to “ end minimum-wage pay” for its lowest-paid sales workers and touted a plan to ‘”invest in its associate base” and maybe even offer more bonus opportunities.
In the media
Michelle Chen
Last week, AT&T agreed to pay $80 million to customers who had been overbilled for charges they had not authorized. This was an all-too-rare case of a perpetrator brought to book: In recent decades, Americans have increasingly been hit with fees they know nothing about, which have contributed to a
In the media
Today, Vice President Biden and others from the Obama administration, are meeting with human-resource executives from companies that are part of the president’s effort to address the problem of long-term unemployment, including Citigroup Inc., CVS Caremark Corp. and Boeing
Blog
Ben Peck
The New York Times editorial was unequivocal: “the [New York City] Council and Mayor Bill de Blasio should unite behind this worthwhile bill” to ban the discriminatory practice of employment credit checks. After all, as the Times pointed out, “The worst of the recession is behind us, but the damage
Blog
Amy Traub
Today’s Nobel Prize in Economics was awarded to Professor Jean Tirole for his work in industrial organization, and how to best regulate such industries that are dominated by powerful firms, like finance and technology. It’s an important recognition of this work, because the economics profession has
Blog
Lenore Palladino
Just a month before the election, voting rights have been on a wild ride. The Supreme Court began its term by reinstating voting restrictions in Ohio and North Carolina after federal appeals courts put these laws on hold for unfairly burdening voting rights, particularly for people of color.
Blog
Liz Kennedy
Six years after America sank into the deepest economic downturn since the 1930s, the jobless rate has fallen to 5.9 percent, the lowest since July 2008. But one demographic group — African-American men — seems to be stuck in a permanent recession.
In the media
Reniqua Allen
For decades, free high-school education helped strengthen the middle class and generate prosperity. So isn’t it time to extend the same thinking to college?
In the media
Rick Newman