The average worker stops getting raises at this age

Most Americans will end up at 55 where they were at 35 — not in vigor or short-term memory, sadly, but in earnings. Recently researchers at the Federal Reserve Bank of New York announced some grim news: An impressive study of 200 million Social Security records going back to 1978 revealed that working Americans’ earnings […]

Why Hasn’t Democracy Slowed Rising Inequality?

During the past two generations, democratic forms have coexisted with massive increases in economic inequality in the United States and many other advanced democracies. Moreover, these new inequalities have primarily benefited the top 1 percent and even the top .01 percent. These groups seem sufficiently small that economic inequality could be held in check by […]

How Did the Democrats Become Favorites of the Rich?

Voters on both the left and the right often claim that there is no difference between the Democratic and Republican Parties, and of course that isn’t true. There’s a big difference between Elena Kagan and Antonin Scalia, for one thing. But there may be more to this argument than you think. Democrats now depend as […]

High Quality Child Care Is Out of Reach for Working Families

In recent decades most Americans have endured stagnant hourly pay, despite significant economy-wide income growth (Bivens and Mishel 2015). In essence, only a fraction of overall economic growth is trickling down to typical households. There is no silver bullet for ensuring ordinary Americans share in the country’s prosperity; instead, it will take a range of […]