The wealth gap between upper-income Americans and the rest of the country has reached a new high. According to a Pew Research Center analysis, the gap actually widened during the recovery as only upper-income families recouped some of the wealth lost during the recession. Continue reading
The U.S. economy has been showing signs of more robust recovery, but many Americans say they’re not feeling it. A new poll by The New York Times found the public is more pessimistic than it was right after the financial collapse. Andrew Ross Sorkin of The New York Times joins Judy Woodruff to discuss American perceptions of economic mobility and inequality. Continue reading
Unless we change our distribution of non-labor income, we can kiss our middle class goodbye, says entrepreneur Peter Barnes. In his new book, “With Liberty and Dividends for All,” Barnes proposes a nationwide dividend program, like Alaska’s, that would help the middle class and reduce the need for wealth redistribution.
What’s the best engine to drive the economy? More money for the rich, or better wages for the working class? Economics correspondent Paul Solman explores the debate between those two lines of thought with billionaire venture capitalist Nick Hanauer and noted libertarian law professor Richard Epstein. Continue reading
Sen. Elizabeth Warren joins Judy Woodruff to discuss her new memoir, “A Fighting Chance,” in which she criticizes the big banks and Washington politicians for weakening America’s middle class. Warren advocates for a hike in the minimum wage to ensure today’s middle class gets the same opportunities her family had, and discusses reform for banking and student loans. Continue reading
Economic growth in the U.S. is as strong as or stronger than in many other countries –- but that growth benefits only a small percentage of American households. That’s the conclusion of a New York Times analysis, based upon 35 … Continue reading
Businesses across the country are dealing with a serious post-recession reality: a shrinking middle class consumer base. How are shifting spending patterns playing out for businesses on high, low and middle tiers? Times reporter Nelson Schwartz joins Hari Sreenivasan for more. Continue reading
China’s tremendous growth has transformed the lives of its citizens but it has also come with a cost: significant air pollution. The major industrial city of Harbin shut down when smog levels reached record levels. Jeffrey Brown talks to Evan Osnos of The New Yorker about the ramifications of China’s air quality problems. Continue reading