Just how far has the working class been left behind by the winner-take-all economy? A new analysis by the RAND Corporation examines what rising inequality has cost Americans in lost income—and the results are stunning. A full-time worker whose taxable income is at the median—with half the population making more and half making less—now pulls […]
The Black-White Wage Gap Is as Big as It Was in 1950
That’s remarkable. Despite decades of political change — the end of enforced segregation across the South, the legalization of interracial marriage, the passage of multiple civil rights laws and more — the wages of black men trail those of white men by as much as when Harry Truman was president. That gap indicates that there […]