The president has pitched his trade policies at workers who feel left behind by globalization. But that doesn’t mean trade barriers will revive factories and close income gaps.
Category: Income Inequality
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Poorest Americans Would Be Hurt By Trump’s Big Bill
Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
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Ford Foundation’s New Leader Is From Yale Law School
Heather K. Gerken, the dean of the law school, will run the powerful philanthropy, known for pushing for social justice.
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Gen Z, It Turns Out, Is Great at Saving for Retirement
They are contributing to their 401(k)s much earlier than millennials did, reports show, and young women in particular are being aggressive about saving.
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The Rich Compensation for Being the C.E.O.
The chief executives at Palantir, which scoops up data for the government, and Veeva Systems, a cloud-computing company, topped two lists of the highest-paid C.E.O.s.
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Tax Credit Increase Would Exclude Millions of Low-Income Children, Study Finds
The domestic policy bill passed by the House raises the maximum child tax credit to $2,500. But about a third of children would not receive the full credit because their parents have low wages or lack jobs.
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Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
A draft document outlines steep cuts or the elimination of funding for programs that provide child care, housing assistance, foreign aid and health research.
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American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
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The ‘Parasite’ Director Brings Class Warfare To Outer Space
Bong Joon Ho has turned his funny-sad excavations of life under capitalism into unlikely blockbusters. With “Mickey 17,” he’s bending a whole new genre.
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Online Therapy Boom Has Mainly Benefited Privileged Groups, Studies Find
Digital mental health platforms were supposed to expand access for the neediest patients. Researchers say that hasn’t happened.