Category: Economics

Recent read: “Colleges Are No Match for American Poverty”

A fascinating read on Amarillo College in Texas by Marcella Bombardier on Atlantic.com. Some highlights:   The school of 10,000 students has an emergency fund that can cut a check within hours to cover the car-repair or water bill that could push a student to drop a class—or quit school for good. The school employs

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Recent Read: “The 9.9 Percent Is the New American Aristocracy” by Matthew Stewart

Ask yourself a simple question: what’s a bigger problem in this country (and probably a few others): the 0.01% wealthiest sector or the 9.9% just below it? It’s an interesting question, and one that has not been debated very much until an article in the latest issue of the Atlantic written by Matthew Stewart. His

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LSE: Rising US income inequality: the disproportionate gains of the highest earners

A recent London School of Economics blog post by Kevin J. Lansing and Agnieszka Markiewicz continues to detail how rising income inequality in the U.S. continues to change the economic composition of the country. Some highlights:   The increase in U.S. income inequality since 1970 largely reflects gains made by households in the top 20 per

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Bain Has Seen the Future of Labor and It’s Not Pretty

As we look around our world today, it’s easy to see many forces changing our economic and social models. We all know technology, income inequality and shifting political movements will create a world different from the one we have lived in for the past few decades. Analyzing each of these issues is difficult enough. Trying

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WaPo: China and India have 70 million more men than women. The consequences are far-reaching.

Don’t miss an outstanding set of articles by Simon Denyer and Annie Gowen in WaPo about the consequences of longstanding bias against female babies in China and India. This is not a new issue, of course, and the warnings about the eventual price that would be paid for centuries-old prejudices have been coming for a long time. Now that

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McKinsey: Economic Conditions Snapshot, March 2018

McKinsey has just released it’s latest Economic Outlook report. Some highlights of what is always a must-read:   Respondents around the world are sanguine about the current state of the global economy and their economies at home, according to McKinsey’s newest survey on economic conditions.1But as they look ahead, they are less likely to expect

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MIT: Algorithms Are Making American Inequality Worse

Don’t miss MIT Tech Review’s interview with political scientist Virginia Eubanks about her new book, Automating Inequality. Some highlights:   In Automating Inequality, author Virginia Eubanks argues that the poor are the testing ground for new technology that increases inequality. The book, out this week, starts with a history of American poorhouses, which dotted the

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Amazon and Apple Suggest That Employer-Provided Health Care Is Our Future

Amid all the (justifiable) concerns this week over the Administration’s steel and aluminum tariff warning, the business press did not focus too much on Apple’s quiet announcement about its new health care initiative, AC Wellness. A quick glance through the AC Wellness web site does not provide much information, but what is there is enough

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