New research points to the limits of education as a path to upward mobility for Black workers.
Category: Income Inequality
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Can Shrinking Be Good for Japan? A Marxist Best Seller Makes the Case.
Kohei Saito says the country should seize this moment of demographic and economic challenge to reinvent itself through “degrowth communism.”
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In Poorer Countries, Obesity Can Signal Financial Security
A study found that loan officers in Uganda, where information is scarce, were more likely to offer credit to heavier-looking people.
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How Are New Yorkers Handling the Costs of Child Care?
The New York Times is interested in exploring how New York City residents are navigating the costs and challenges of care.
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China’s Young People Can’t Find Jobs. Xi Jinping Says to ‘Eat Bitterness.’
With youth unemployment at a record, the Communist Party is trying to reset expectations about social mobility by talking up the virtue of hardship.
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The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners
In an era of surging home and stock values, U.S. family wealth has soared. The trillions of dollars going to heirs will largely reinforce inequality.
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What I Learned Dogsitting for New York City’s Opulent Elite
In a city of yawning class inequality, some side hustles let you glimpse how the other half lives.
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French Business Titans Top Forbes’s Richest List
Two French business titans, Bernard Arnault of the LVMH empire and Françoise Bettencourt-Meyers of L’Oréal, are named the world’s wealthiest man and woman.
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Now, Poorer Children Are Falling Behind on the Playing Field
The New York Times – Sports:Nationwide, poor children and adolescents are participating far less in sports and fitness activities than their more affluent peers.
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The Head Spinning Reality of Venezuela’s Economy
The New York Times – Business:After years of extreme scarcity, some Venezuelans lead lives of luxury as others scrape by. The nation of grinding scarcity has increasingly become one of haves and have-nots.