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Users that often use this tag:
kliuless (6)
The Whelk (5)
infini (3)
l33tpolicywonk (2)
escabeche (2)
stp123 (2)

Millennials Don't Stand A Chance (gasp!)

Millennials Don't Stand A Chance. A terrific debate from Intelligence Squared: "...spotlight is shown on millennials and their use of revolutionary technology while growing up in a time of recession. Some think they are coddled, narcissistic and lazy. Have we let conventional wisdom blind us to the millennial's openness to change, innovation, and optimism in the face of uncertainty, which, in any generation, are qualities to be admired?" (running time ~50:00) [more inside]
posted by xtian on Aug 14, 2014 - 50 comments

Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

Harmonized data sets with varying sample sizes....

The American Middle Class Is No Longer the World’s Richest. The American middle class, long the most affluent in the world, has lost that distinction. Comparing income by country. About the data.
posted by blue_beetle on Apr 23, 2014 - 38 comments

The problems of economic segregation and US cities.

In the first two parts of a five-part series, The Atlantic looks at US cities with the highest levels of income segregation and US cities where the poor are segregated from everyone else. (dlTheAtlantic)
posted by Kitteh on Mar 24, 2014 - 44 comments

How Obama's tech team saved his presidency a second time

Inside the Nightmare Launch of HealthCare.Gov - "Unknown to a nation following the fiasco, McDonough's assignment from the President had boiled down to something more dire than how to fix the site. As the chief of staff remembers his mission, it was 'Can it be patched and improved to work, or does it need to be scrapped to start over? He wanted to know if this thing is salvageable.' Yes, on Oct. 17, the President was thinking of scrapping the whole thing and starting over." (previously) [more inside]
posted by kliuless on Mar 3, 2014 - 120 comments

Heatmaps of Rent as a Share of Income in American Cities

Markers of Gentrification: Mapping Rent as a Share of Income Heatmaps showing median rent as a percentage of median income. Note the heatmap colors are not baselined across the cities displayed in the blog post.
posted by stp123 on Jan 16, 2014 - 26 comments

Ripe For The Picking

Ask A Native New Yorker: How Guilty Should I Feel About Being A Horrible Gentrifier? Passionate response from a Bushwick native.
posted by The Whelk on Sep 27, 2013 - 205 comments

Wealth Distribution and the Free Market

Wealthy Entitlement: Income inequality undermines the fairness of a free market
posted by stp123 on Sep 7, 2013 - 28 comments

How New Yorkers Make It There

New York magazine, via Reddit, compares how much people in New York City get paid to do thier jobs.
posted by The Whelk on Jun 16, 2013 - 86 comments

Do white people have a future in South Africa?

"In the past inequality in South Africa was largely defined along race lines. It has become increasingly defined by inequality within population groups as the gap between rich and poor within each group has increased substantially." Is this what's led the BBC to report a growing sense of insecurity among poor (chiefly Afrikaans-speaking) whites? Or are they just blatantly misreading the statistics? [more inside]
posted by theweasel on May 20, 2013 - 21 comments

Prom spending highest among poor northeastern families

Prom spending rising again, average of $1,139 The USA Today story is based on a recent VISA press release about prom spending that comes out every year. The VISA press release breaks down how prom spending is highest among Northeastern families, with Northeasterners averaging $1,528 compared to Midwesterners paltry $722. It also shows a breakdown by income category with families earning less than $50,000 spending an average of $1,245 while those from higher earning families spend $1,129. [more inside]
posted by notmtwain on Apr 29, 2013 - 77 comments

Inequality and the New York subway

Inequality and the New York subway. An infographic from the New Yorker: The United States has a problem with income inequality. And it’s particularly bad in New York City—according to recent data from the U.S. Census Bureau, if the borough of Manhattan were a country, the income gap between the richest twenty per cent and the poorest twenty per cent would be on par with countries like Sierra Leone, Namibia, and Lesotho.
posted by nickyskye on Apr 16, 2013 - 69 comments

Doctors Do it in Debt

American physicians do not make as much money as you think...
posted by Renoroc on Jan 24, 2013 - 87 comments

Betting on the future

The African King With A Multi-Billion Dollar Empire RBH functions as a communitybased investment company whose primary investment aim is to generate the income required for the funding of sustainable projects. Income generated from RBH’s commercial interests is invested in infrastructural development, as well as in the members of the Nation itself. Over the past decade, more than R4 billion ($475 million) has been spent on roads, utilities, schools, clinics and other public amenities. This has benefited not only the Bafokeng, but other people living in the North West Province of South Africa, the area which the RBN calls home.
posted by infini on Dec 1, 2012 - 5 comments

Coronet Instructional Films

From the mid 40s to the mid 50s Coronet Instructional Films were always ready to provide social guidance for teenagers on subjects as diverse as dating, popularity, preparing for being drafted, and shyness, as well as to children on following the law, the value of quietness in school, and appreciating our parents. They also provided education on topics such as the connection between attitudes and health, what kind of people live in America, how to keep a job, supervising women workers, the nature of capitalism, and the plantation System in Southern life. Inside is an annotated collection of all 86 of the complete Coronet films in the Prelinger Archives as well as a few more. Its not like you had work to do or anything right? [more inside]
posted by Blasdelb on Nov 1, 2012 - 41 comments

The American Fertility Crisis

Education, Income, and Fertility in America, and What They Mean for the Future of the Country "Since the average American woman has 2.1 children, you might think we aren't experiencing a national fertility crisis. Unlike some European countries whose futures are threatened by low birth rates, Americans, on average, produce just the right number of future workers, soldiers, and taxpayers to keep our society humming... Two new studies bring the contrasting reproductive profiles of rich and poor women into sharp relief. One, from the Guttmacher Institute, shows that the rates of unplanned pregnancies and births among poor women now dwarf the fertility rates of wealthier women, and finds that the gap between the two groups has widened significantly over the past five years. The other, by the Center for Work-Life Policy, documents rates of childlessness among corporate professional women that are higher than the childlessness rates of some European countries experiencing fertility crises."
posted by bookman117 on Jul 25, 2012 - 102 comments

Why Is the Teen Birth Rate in the United States So High and Why Does It Matter?

"Why Is the Teen Birth Rate in the United States So High and Why Does It Matter?" Kearney MS & Levine PB (2012) Journal of Economic Perspectives, 26(2): 141–63. [more inside]
posted by wilful on Jul 23, 2012 - 122 comments

Greenbacks

Last week, I wrote about how urban trees—or the lack thereof—can reveal income inequality. After writing that article, I was curious, could I actually see income inequality from space? It turned out to be easier than I expected.
posted by infini on Jun 1, 2012 - 43 comments

TED: Yes to "Drying your Hands," No to "Income Inequality."

"I can say with confidence that rich people don't create jobs, nor do businesses, large or small," said über-rich venture capitalist Nick Hanauer in a March 1st TEDx talk, which TED is refusing to put on its website. [more inside]
posted by blazingunicorn on May 16, 2012 - 98 comments

Get Rid of Employment and Education Directive

A modest proposal to get rid of income inequality in America: just give every household a $10 million dollar loan.
posted by falameufilho on Apr 13, 2012 - 129 comments

Visualizing economics

Visualizing Economics. Catherine Mulbrandon makes visualizations of economic data, including the variation of the top marginal tax rate over time and the high cost of buying a TV on credit.
posted by escabeche on Jan 30, 2012 - 13 comments

Careers, Parents, and the 1%

Your parents have a huge influence on your future career. A single chart from the Journal of Labor Economics shows how much the top 1% benefit from their parent's success and networks (Results are from Canada, but the same is observed elsewhere). Nepotism is a very common phenomenon, and explains part of why income mobility between generations can be such a problem. Beyond the importance of parental networks and money, however, there is evidence that our genes influence our career choices, including whether you become an entrepreneur.
posted by blahblahblah on Dec 2, 2011 - 71 comments

The bottom of the pyramid

U.S. Poverty Rate, 1 in 6, at Highest Level in Years (NYT) - An additional 2.6 million people slipped below the poverty line in 2010, census officials said, making 46.2 million people in poverty in the United States, the highest number in the 52 years the Census Bureau has been tracking it, said Trudi Renwick, chief of the Poverty Statistic Branch. That represented 15.1 percent of the country. The poverty line in 2010 was at $22,113 for a family of four. (related)
posted by infini on Sep 13, 2011 - 121 comments

Fertile ground for demagogues

Robert Reich talks at Google about the biggest problem facing the US economy. [SLYT, 57min]
posted by knave on Sep 1, 2011 - 98 comments

Outliers

The World Top Incomes Database (click on "Graphics" and select countries, years and other variables) (via)
posted by vidur on Jun 7, 2011 - 5 comments

Tax Facts Hardly Anyone Knows

9 Things The Rich Don't Want You To Know About Taxes - "4. Many of the very richest pay no current income taxes at all: Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero... 9. Other countries do it better: no one in Germany or the rest of the modern world goes broke because of accident or illness" (via) [more inside]
posted by kliuless on Apr 18, 2011 - 191 comments

entrepreneurial paradise

In Norway, Start-ups Say Ja to Socialism - We venture to the very heart of the hell that is Scandinavian socialism—and find out that it's not so bad. Pricey, yes, but a good place to start and run a company. What exactly does that suggest about the link between taxes and entrepreneurship?
posted by kliuless on Jan 20, 2011 - 52 comments

Why value the donations of rich people more than those of the poor?

How Private Is 'Private Charity'? Private charity may be more accurately described as "private donations coupled with involuntary, tax-financed public subsidies." And it's not fair: "very low-income people paying only payroll taxes get hardly any leverage for their donations. Very high-income people in states with high income-tax rates – such as New Jersey and New York – can through the tax code virtually double the money funneled to a charity per dollar of their own sacrifice." (previously)
posted by kliuless on Jan 17, 2011 - 39 comments

Mapping the intersection of education and money

Does a better education really lead to a higher income? Take a map of the USA, overlay census data for high school graduation rates (red), college graduate rates (yellow) and median household income (blue). What do you get? A patchwork map of purples, blues, pinks and greens, that shows the relationship between education and income by county. [more inside]
posted by Joh on Jan 14, 2011 - 61 comments

The Economics Of Art

How much money do you make with that webcomic internet thing? Dorthy Gambrell of Cat And Girl Answers.
posted by The Whelk on Dec 10, 2010 - 48 comments

Why is income inequality growing?

Over at Slate magazine, Timothy Noah is doing a multi-part examination of America's growing income gap. The Great Divergence.
posted by Trochanter on Sep 17, 2010 - 6 comments

75,000 is the magic number

"We infer that beyond about $75,000/y, there is no improvement whatever in any of the three measures of emotional well-being." Two social scientists at Princeton, Angus Deaton and Nobelist Daniel Kahneman, have a new paper in PNAS about money and the determinants of happiness. Increased income above $75,000 is not associated with higher subjective happiness, though it is associated with superior scores on measures of overall life satisfaction. Other tidbits: "Religion has a substantial influence on improving positive affect and reducing reports of stress, but no effect on reducing sadness or worry... The presence of children at home is associated with significant increases in stress, sadness, and worry."
posted by escabeche on Sep 8, 2010 - 49 comments

It is the map that engenders the territory

Radical Cartography has made a lot more maps since greasy_skillet posted it in 2005, including maps showing housing prices and segregation of all kinds in New York, Chicago, DC and elsewhere, counties named for Presidents, the night sky, the US in agriculture, the US as projected to other spots on the globe, and a physical atlas of the world.
posted by l33tpolicywonk on Aug 26, 2010 - 4 comments

mad as hell

Dylan Ratigan's Howard Beale Moment (via se) [more inside]
posted by kliuless on Jul 19, 2010 - 35 comments

The Book Tower

Book owners have smarter kids
posted by Artw on Jun 4, 2010 - 114 comments

How to Pay the Writer

Writers get pirated too - so how can they still earn money? Here are some ideas, but are they workable? [more inside]
posted by divabat on May 3, 2010 - 184 comments

Who rules America? Wealth, income and power.

Who rules America? Wealth, income and power Next time you hear "Fair and Balanced" Fox News whining about the socialist wealth redistribution agenda of the Obama "regime", refer back to this. Goes a long way towards explaining why 47% of Americans don't pay income tax.
posted by Daddy-O on Apr 15, 2010 - 61 comments

Not everybody has an uncle who knows somebody from golf.

"With job openings scarce for young people, the number of unpaid internships has climbed in recent years, leading federal and state regulators to worry that more employers are illegally using such internships for free labor." (via)
posted by The Whelk on Apr 5, 2010 - 120 comments

Better Than We Thought

"The conventional wisdom that Africa is not reducing poverty is wrong." [PDF, 339.97 KB] [more inside]
posted by SpringAquifer on Mar 2, 2010 - 21 comments

Roughly 1 in 4 Americans is employed to keep fellow citizens in line and protect private wealth

“Being willing to sit in a boring classroom for 12 years, and then sign up for four more years and then sign up for three or more years after that—well, that’s a pretty good measure of your willingness to essentially do what you’re told,” - The Santa Fe Reporter talks to Economist Samuel Bowles about New Mexico's income gap, welfare, social mobility, and a radical way to help. (Via)
posted by The Whelk on Feb 5, 2010 - 47 comments

Revenue reality of a bestseller

Revenue reality of a bestseller. Lynn Viehl's Twilight Fall was a top 20 mass market paperback bestseller. Here, she analyzes and posts her royalties and discovers "If I published only one book a year, and it did as well as this one, my net would be only around $2500.00 over the income level considered to be the US poverty threshold."
posted by HumanComplex on Nov 18, 2009 - 175 comments

Two Americas Separated by a Common Capital City

Two Washingtons: Washington, DC is defined by its income inequality. [more inside]
posted by l33tpolicywonk on Sep 6, 2008 - 34 comments

US Census Bureau's DataWeb

TheDataWeb - a network of online data libraries on topics including census data, economic data, health data, income and unemployment data, population data, labor data, cancer data, crime and transportation data, family dynamics, vital statistics data
posted by Gyan on Dec 26, 2007 - 10 comments

Treasury: Income Mobility Substantial. Pew: But Not Enough.

A new U.S. Treasury Report (press release) reports that tax returns from 1996 to 2005 show that income mobility in the U.S. is "considerable," with rising earnings, and top earners who often stumble. The WSJ crows. Pew releases its own research (reports, press release) on income inequality today with a multi-decade outlook, but summarizes the findings as that American families' income mobility is still highly dependent on their parents' position. Forbes and a The New Republic blog try to reconcile the reports. Meanwhile, blacks appear to be downwardly mobile.
posted by shivohum on Nov 13, 2007 - 45 comments

Mind the Gap

Mind the Gap: an essay by Paul Graham on wealth, riches, poverty, and why income inequality might not be so bad. [more inside]
posted by hoverboards don't work on water on Oct 11, 2007 - 139 comments

County Migration

This map displays county-to-county migration data for 2000-2005 from the U.S. Internal Revenue Service. In, out, staying put, median household income. [via]
posted by tellurian on Aug 16, 2007 - 19 comments

Mind the gap. Wait, nevermind.

Income inequality continues to rise. Or maybe not.

Professors Emmanuel Saez and Thomas Piketty and the Cato Institute's Alan Reynolds debate on how to measure[PDF] income inequality. Despite the ongoing debate, President Bush has decided, "The fact is that income inequality is real; it's been rising for more than 25 years."
posted by peeedro on Mar 30, 2007 - 81 comments

But I Want a New Yacht

Scraping By on $150K a Year
My heart bleeds for people who earn a six figure income but are still dirt poor. In a skewed distribution model with the median income ($43,000 in 2002) being in Salina, Kansas and moving a mile east or west for each $1000 above or below that median, the Bush's would be four states away in Columbus, Ohio and the average CEO would be in....Kabul, Afghanistan. The top 400 incomes would be three quarters of the way to the moon. From a 2003 article at Alternet so they're probably beyond the moon now and on their way to Mars. From 1979 to 1997, the average annual income of the top 1% (after taxes) increased by 157% (or $414,000) while the poorest 20% went down by $100.
posted by fenriq on Dec 16, 2006 - 68 comments

Freedom to Fascism

Aaron Russo releases America: Freedom to Fascism on the net!
posted by augustweed on Oct 13, 2006 - 47 comments

How the other half lives...

How the other half top quintile lives... Coldwell Banker has released the first Coldwell Banker(R) Luxury Index, a "study conducted in August 2004 of U.S. luxury homeowners -- those owning homes valued at $1 million or more -- concerning their attitudes, preferences and purchasing behavior related to luxury goods and services." You might be interested to discover that 61% of those surveyed stated recent increases in interest rates would have no impact on their luxury item purchases.
posted by Irontom on Nov 16, 2004 - 8 comments

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