inequality

Entrepreneurs don’t have a special gene for risk—they’re rich kids with safety nets
We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality traits that lead to success. Entrepreneurship is on the rise, and more students coming out of b ...[Read more]
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Report reveals how big corporations rigged rules to boost pandemic pay of CEOs as workers suffered
Dozens of the largest low-wage employers in the United States manipulated their own rules during the coronavirus pandemic to hand wealthy CEOs substantial raises while their vulnerable frontline workers struggled to get by with inadequate paychecks, meage ...[Read more]
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Capitalism Is Driving COVID Disaster in the Global South
The scenes currently being witnessed in India are truly horrifying. Yesterday, the number of confirmed cases in the country passed 20 million. The country’s health infrastructure is stretched to breaking point. Doctors and nurses report a crippling lack ...[Read more]
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Workers With Health Insurance Face Rising Out-of-Pocket Costs
A new survey from the Kaiser Family Foundation shows annual premiums for a family now top $21,000, and deductibles have more than doubled since 2010. ...[Read more]
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Bill Gates says no to sharing vaccine formulas with global poor to end pandemic
Bill Gates, one of the world's richest men and most powerful philanthropists, was the target of criticism from social justice campaigners on Sunday after arguing that lifting patent protections on COVID-19 vaccine technology and sharing recipes with the w ...[Read more]
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Analysis Shows Richest 10% Now Own Nearly 70% of All Household Wealth in US
More than a year after the coronavirus pandemic and the corresponding economic crisis began, a new analysis out Wednesday shows that as 2020 ended, the richest 10% of Americans possessed just under 70% of the nation's household wealth. According to the r ...[Read more]
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Canceling Student Debt Will Help Health Care Workers and Advance Racial Justice
Health care workers have more student loan debt than workers in any other industry, holding approximately $9,700 more in debt per person than those who work in higher education, who are the second-highest debt holders on the list. Private health care work ...[Read more]
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The White Tiger Is a Window Into India’s Class Society
Movies about class and inequality are back in the mainstream. Taking inspiration from writers like Balzac as well as the father of Indian neorealism, Satyajit Ray, Ramin Bahrani’s film The White Tiger is a powerful interrogation of the injustices of cla ...[Read more]
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Why are CEOs of U.S. firms paid 320 times as much as their workers?
Last August, Jamelle Brown, a technician at Research Medical Center in Kansas City, Missouri, contracted Covid-19 while on the job sanitizing and sterilizing rooms in the facility's emergency department. Luckily, his case wasn't severe, and after having q ...[Read more]
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Biden and the Democrats Are Getting Serious About Raising Corporate Taxes
In a speech on Monday, Treasury Secretary Janet L. Yellen called for a global minimum tax on multinational corporations as President Joe Biden and leading Democrats defended a sweeping jobs and infrastructure proposal that analysts say would support a mor ...[Read more]
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The American death spiral
Fifty-four years ago, standing at the pulpit of Riverside Church in New York City, Martin Luther King, Jr., delivered his now-famous "Beyond Vietnam" sermon. For the first time in public, he expressed in vehement terms his opposition to the American war i ...[Read more]
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