New study shows how racial wealth divide is ‘hollowing out America’s middle class’

Screen_Shot_2017-09-13_at_9.45.41_AM.png

The Institute for Policy Studies and Prosperity Now (formerly the Corporation for Enterprise Development) published a new 25-page study this week that has grim news on the economic racial divide.

The team of four authors scrutinized what it means to be middle class by examining the wealth gap rather than income from now through 2024 as well as for 2043. That is when it’s predicted the majority of the U.S. population will be non-white.

One key finding: we’re on a path that will put the median wealth of black families at zero by 2053 and for Latino families by 2073. In short, the authors “find that without a serious change in course, the country is heading towards a racial and economic apartheid state.”

To make that change of course, they recommend “policy interventions” to reverse trends now in place, some of them for decades. While the IPS has

Continue reading “New study shows how racial wealth divide is ‘hollowing out America’s middle class’”

New study shows how racial wealth divide is ‘hollowing out America’s middle class’

Screen_Shot_2017-09-13_at_9.45.41_AM.png

The Institute for Policy Studies and Prosperity Now (formerly the Corporation for Enterprise Development) published a new 25-page study this week that has grim news on the economic racial divide.

The team of four authors scrutinized what it means to be middle class by examining the wealth gap rather than income from now through 2024 as well as for 2043. That is when it’s predicted the majority of the U.S. population will be non-white.

One key finding: we’re on a path that will put the median wealth of black families at zero by 2053 and for Latino families by 2073. In short, the authors “find that without a serious change in course, the country is heading towards a racial and economic apartheid state.”

To make that change of course, they recommend “policy interventions” to reverse trends now in place, some of them for decades. While the IPS has

Continue reading “New study shows how racial wealth divide is ‘hollowing out America’s middle class’”

Cartoon: Immigration fixation

Follow Jen on Twitter at @JenSorensen

So, you hate unions because …

Over the last couple weeks I have written about unions. While the majority of comments are supportive, there has been a trend of folks using Republican talking points about unions. You know the arguments: they are corrupt, they are not needed, they have idiotic rules, and members of public employee unions get paid too much.

You can always find those exact same comments in every single post about organized labor. So let’s talk about corruption, idiotic rules, and unionized public employees.

Let’s start small, with some rule breaking:

David S. DeWitt, 44, pleaded guilty in Oklahoma City federal court to a misdemeanor offense of failure to pay overtime. U.S. Magistrate Judge Gary M. Purcell ordered DeWitt pay $35,092 in restitution, as well as pay a $1,000 fine.

The U.S. Labor Department began investigating the company in 2014 to determine if employees were being properly paid for overtime as

Continue reading “So, you hate unions because …”

So, you hate unions because …

Over the last couple weeks I have written about unions. While the majority of comments are supportive, there has been a trend of folks using Republican talking points about unions. You know the arguments: they are corrupt, they are not needed, they have idiotic rules, and members of public employee unions get paid too much.

You can always find those exact same comments in every single post about organized labor. So let’s talk about corruption, idiotic rules, and unionized public employees.

Let’s start small, with some rule breaking:

David S. DeWitt, 44, pleaded guilty in Oklahoma City federal court to a misdemeanor offense of failure to pay overtime. U.S. Magistrate Judge Gary M. Purcell ordered DeWitt pay $35,092 in restitution, as well as pay a $1,000 fine.

The U.S. Labor Department began investigating the company in 2014 to determine if employees were being properly paid for overtime as

Continue reading “So, you hate unions because …”

So, you hate unions because …

Over the last couple weeks I have written about unions. While the majority of comments are supportive, there has been a trend of folks using Republican talking points about unions. You know the arguments: they are corrupt, they are not needed, they have idiotic rules, and members of public employee unions get paid too much.

You can always find those exact same comments in every single post about organized labor. So let’s talk about corruption, idiotic rules, and unionized public employees.

Let’s start small, with some rule breaking:

David S. DeWitt, 44, pleaded guilty in Oklahoma City federal court to a misdemeanor offense of failure to pay overtime. U.S. Magistrate Judge Gary M. Purcell ordered DeWitt pay $35,092 in restitution, as well as pay a $1,000 fine.

The U.S. Labor Department began investigating the company in 2014 to determine if employees were being properly paid for overtime as

Continue reading “So, you hate unions because …”

So, you hate unions because …

Over the last couple weeks I have written about unions. While the majority of comments are supportive, there has been a trend of folks using Republican talking points about unions. You know the arguments: they are corrupt, they are not needed, they have idiotic rules, and members of public employee unions get paid too much.

You can always find those exact same comments in every single post about organized labor. So let’s talk about corruption, idiotic rules, and unionized public employees.

Let’s start small, with some rule breaking:

David S. DeWitt, 44, pleaded guilty in Oklahoma City federal court to a misdemeanor offense of failure to pay overtime. U.S. Magistrate Judge Gary M. Purcell ordered DeWitt pay $35,092 in restitution, as well as pay a $1,000 fine.

The U.S. Labor Department began investigating the company in 2014 to determine if employees were being properly paid for overtime as

Continue reading “So, you hate unions because …”