It started in 2012 with a group of protesters outside a McDonald’s demanding a $15 minimum wage — an idea that even many liberal lawmakers considered outlandish. In the years […]
Income Inequality
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Back to news homeWhat Giant Skeletons and Puppy Shortages Told Us About the 2020 Economy
America has Zoom towns.Many middle-class millennials who lingered on the housing market’s sidelines for years reported that the pandemic had hastened their buying plans. They have been lured by the […]
Stimulus Money Should Have Gone to the Jobless, Economists Say
But in terms of the multiplier effect, it’s likely to pale in comparison to the impact in the spring, when the unemployment rate was much higher and there were real […]
One Vaccine Side Effect: Global Economic Inequality
LONDON — The end of the pandemic is finally in view. So is rescue from the most traumatic global economic catastrophe since the Great Depression. As Covid vaccines enter the […]
Why China Turned Against Alibaba’s Jack Ma
Mr. Xi made no secret about what his ideal capitalist should be like. Ten days after the Ant I.P.O. debacle, he toured a museum exhibition devoted to Zhang Jian, an […]
Why Some States Are Seeing Higher Revenue Than Expected Amid Job Losses
As Congress has spent the last few weeks debating aid to state and local governments, a number of states have announced surprising news: Their finances no longer look quite as […]
Female Workers Could Take Another Pandemic Hit: To Their Retirements
Women are overrepresented in industries experiencing the highest job loss, according to a recent report published by the Y.W.C.A. U.S.A. Latina, Black and Asian-American women have been hit hardest, the […]
Biden’s Economic Team Suggests Focus on Workers and Income Equality
WASHINGTON — President-elect Joseph R. Biden Jr. formally announced his top economic advisers on Monday, choosing a team that is stocked with champions of organized labor and marginalized workers, signaling […]
Janet Yellen Set to Lead Treasury Department Under Biden
WASHINGTON — Janet L. Yellen became an economist at a time when few women entered the profession and fewer still rose in a male-dominated environment. She is now poised to […]
Racism Impoverishes the Whole Economy
Discrimination hurts just about everyone, not only its direct victims. New research shows that while the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost […]