This is a must read for today on Prosperity Economics: In the wake of the financial crisis, an increasing number of thoughtful analysts are arguing that inequality threatens growth. Yet the biggest effects of rising inequality are probably not on growth itself, but on the ability of growth to translate into rising living standards, opportunity and security for the broad middle class. And...
A lot of important issues were discussed during the first presidential debate. President Obama and GOP presidential candidate Mitt Romney were eager to discuss the middle and upper class, but neither spoke about the poor. Moderator Jim Lehrer did not ask a single question about poverty in America. Both parties seem to have completely written off this ever-growing population. Fifteen percent...
Last week, “class” was in the news. But – as usual for most all of our political discourse – the focus was on the struggles of the amorphous “middle” class, rather than the perpetual and worsening poverty of the “lower” classes. There was good reason for class to dominate the headlines last week. On Monday, a new Pew Poll showed a significant shift...
The champions of change in our communities rarely receive the credit they deserve. The road to change is long, and it’s important to take a few stops along the way to give recognition to those who make that change possible. That’s why we take that much-needed pit stop once a year to honor those who have dedicated their lives to making progress towards social justice a reality. Since...
