Seattle's city council on Monday unanimously approved a measure to increase the minimum wage to $15 per hour, the highest minimum wage in U.S. history to date. “We did this. Workers did this. Today’s first victory for 15 will inspire…
Former Harvard president Larry Summers admires the research of "rock star" French economist Thomas Piketty, but he's been skeptical that innovation and entrepreneurship don't have more to do with the high rate of return on capital. Innovation is great, Piketty…
Our regular Social Security columnist takes issue with French economist Thomas Piketty's inequality theory. Income inequality is real, he thinks, but it doesn't stem from the rich accumulating and hoarding ever more private wealth.
Fast food workers in dozens of American cities and across the world walked off the job Thursday to demonstrate for a $15 an hour minimum wage. Talking to a McDonald's worker trying to make ends meet on $9.85 an hour,…
French economist Thomas Piketty acknowledges that every society needs some degree of inequality. But when the bottom 50 percent of America owns only 2 percent of the wealth, we've strayed too far from America's legacy of progressive taxation and are…
In "Capital," French economist Thomas Piketty explores how wealth and the income derived from it magnifies the problems of inequality. Gwen Ifill gets debate on his data and conclusions from Heather Boushey of Washington Center for Equitable Growth and Kevin…
French economist Thomas Piketty has made a splash with his prediction that inequality will grow in America. But the economic relationship that explains that inequality is hardly new; it's the same phenomenon that allowed Pemberley Mansion to enrich Mr. Darcy…
On a recent U.S. press tour for his bestselling book "Capital," French economist Thomas Piketty spoke to standing-room-only crowds about his examination of growing, global economic inequality. Economics correspondent Paul Solman interviews Piketty for his take on why inequality of…
The author of today's best-selling book about economics predicts that inequality is bound to get worse. His advocacy for an international tax on capital is well-known by now, but what else does he think can stem the tide of wealth…
Nonprofit workers like those at Seattle’s Downtown Emergency Service Center don’t want to be left out of the fight for a higher minimum wage but also realize that higher wages could come at the expense of some of their jobs…
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