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Published by Spiegel & Grau, the book illustrates the "divide" by looking at the relationship between growing income inequality and the criminalization of poverty, as poor people are increasingly harassed, arrested and imprisoned for minor crimes in the U.S., sometimes for no actual crime at all, even as crime rates continue to plummet, resulting in a prison population that "is now the biggest ...
Economic inequality in the United States has been steadily increasing since the 1980s as well and economists such as Paul Krugman, Joseph Stiglitz, and Peter Orszag, politicians like Barack Obama and Paul Ryan, and media entities have engaged in debates and accusations over the role of tax policy changes in perpetuating economic inequality.
Although some spoke out in favor of moderate inequality as a form of incentive, [296] [297] others warned against excessive levels of inequality, including Robert J. Shiller, (who called rising economic inequality "the most important problem that we are facing now today"), [298] former Federal Reserve Board chairman Alan Greenspan, ("This is ...
A September 2014 report by the Economic Policy Institute claims wage theft is also responsible for exacerbating income inequality: "Survey evidence suggests that wage theft is widespread and costs workers billions of dollars a year, a transfer from low-income employees to business owners that worsens income inequality, hurts workers and their ...
The Great Divergence contrasts with the "Great Prosperity" or Golden Age of Capitalism, where from the late 1940s to mid 1970s, at least for workers in the advanced economies, economic growth had delivered benefits broadly shared across the earnings spectrums, with inequality falling as the poorest sections of society increased their incomes at ...
Economic Déjà Vu If the low wages, dangerous workplace conditions and a suicidal workforce sounds familiar, it's because that describes the conditions in many American factories in the late 1800 ...