WASHINGTON — When congressional committees meet this week to begin formally drafting Democrats’ ambitious social policy plan, they will be undertaking the most significant expansion of the nation’s safety net […]
Income Inequality
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Back to news homeWhy China’s Young People Are Embracing Chairman Mao
They read him in libraries and on subways. They organized online book clubs devoted to his works. They uploaded hours of audio and video, spreading the gospel of his revolutionary […]
Knowing What Your Co-Worker Makes Doesn’t Close the Pay Gap
Carolyn Kopprasch earns $225,000 a year. Maria Thomas makes $267,890. Then comes Darcy Peters with a salary of $105,143.That information, taken in before I exchange pleasantries with these women, feels […]
Black Workers Stopped Making Progress on Pay. Is It Racism?
Consider information technology, which offers some of the best-paid jobs in the country. African Americans earn around one in 10 bachelor’s degrees in computer science nationwide. By contrast, they account […]
How Private Equity Firms Avoid Taxes
There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.Overseen by a senior […]
Seeing the Real Faces of Silicon Valley
Mary Beth Meehan and Mary Beth Meehan is an independent photographer and writer. Fred Turner is a professor of communication at Stanford University.The workers of Silicon Valley rarely look like […]
Black Pound Day Aims to Support U.K. Black-Owned Businesses
LONDON — For Aimée Felone, whose children’s bookstore in London stocks tales with ethnically diverse characters, the Black Lives Matter protests last summer were, in a word, overwhelming.“We had attention […]
The Economy Is (Almost) Back. It Will Look Different Than It Used To.
The housing sector is experiencing nearly as big a surge. Residential investment was 14.4 percent above its prepandemic trend, representing $90 billion a year in extra activity. And that was […]
College Accounts at Birth: State Efforts Raise New Hopes
Braylon Dedmon was 3 days old when his mother, Talasheia, was offered $1,000 to open a college savings account in his name.“I was like, ‘What?’” Ms. Dedmon recalled. Her skeptic’s […]
C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic
And, according to security filings, a select few are rapidly accumulating new fortunes. Chad Richison, founder and chief executive of an Oklahoma software company, Paycom, is worth more than $3 […]