The New York Times has credited Sirota’s Wall Street reporting for showing “that secrecy can hide high fees, low returns, excess risk and the identity of politically connected dealmakers.”
New research reveals that 11 percent of 5,000 Disneyland workers surveyed—custodians, food workers, musicians, cashiers, concierges—have been homeless at least once in the past year.
After their critically acclaimed 2013 documentary, Inequality for All, Jacob Kornbluth and Robert Reich reunited to make Saving Capitalism, which explores the expanding economic and political power of America’s wealthy.
Co-published by The Guardian.
Precariousness is not just a working-class thing. In recent interviews, dozens of academics and schoolteachers, administrators, librarians, journalists and even coders have told me they too are falling prey to an unstable new America. I’ve started to think of this just-scraping-by group as the Middle Precariat.
I turned off onto a long dirt road about 15 miles outside of Montevideo, Uruguay and drove towards a wooden guard shack that stood across from a small farmhouse hidden by a long row of trees. Usually, if you want to meet a country’s president – or even ex-president – you have to fight through […]
Maria Bustillos and Elizabeth Fladung debrief their day reporting on inequality in Silicon Valley, including their experiences visiting with some groups and leaders helping local people left out of the tech boom. This podcast is an encore posting from our State of Inequality series. Maria Bustillos is a journalist and critic living in Los Angeles. Elizabeth Fladung is a […]
Elizabeth Fladung’s photos of San Francisco in the midst of the tech boom offer a study in contrasts. This slideshow is an encore posting from our State of Inequality series.Elizabeth Fladung is a Brooklyn-based, CalArts-trained photojournalist. Her work has appeared in The Nation, La Repubblica, The Fader and Wax Poetics Magazine.
The chord progression of the Red Hot Chili Peppers’ song “Otherside” plays on the south end of the Venice Beach boardwalk. The middle-aged man strumming his acoustic guitar is Gary St. Germain, who spends afternoons performing songs in Venice, Burbank and Hollywood, a black pork pie hat always perched on his head. When he has […]
Click on the right arrow button to go to the next slide. Data and research for this story were provided by Charlie Eaton of U.C. Berkeley’s Department of Sociology and DebtandSociety.org. This is an encore posting from our State of Inequality series.
As this series has made clear, “The California Chasm” is a challenge that threatens to transform the state into a shadow of its former self. Once a place where people came together to realize fortunes, remake their lives and attain their piece of the American Dream, we have become a state saddled with sharp […]
(Illustration by Lalo Alcaraz.)
I recently interviewed one of the country’s unabashed progressive leaders, New York Mayor Bill de Blasio. Our discussion ranged from Ronald Reagan’s legacy to the failures of contemporary Democrats to stand up for their values. “We have an income inequality crisis in this country that will endanger the future of the entire United States of […]
Capital & Main: Do you see risk in Democrats running away from a populist progressive agenda? Mayor Bill de Blasio: Absolutely. I think the biggest development we saw [in the midterm election] was Democrats not standing up for the ideals of the Democratic Party, not talking to the economic realities of our people, not […]
Sunday’s extreme heat didn’t prevent some 200-plus Angelenos from gathering in the Ann and John Nickoll Family Sanctuary at Temple Isaiah for an informal economic summit. The audience for this Westside event, partly sponsored by Bend the Arc, the American Civil Liberties Union and the Los Angeles Alliance for a New Economy, included District […]
In this uncertain post-recession era, economic inequality seems to be the only thing you can count on being in full supply. It’s certainly a subject that’s increasingly on people’s lips – thanks in no small part to Jacob Kornbluth’s 2013 documentary, Inequality for All. The film, wryly narrated by economist Robert Reich, lays out Reich’s […]
It might surprise many to learn that business people all over America have joined the fight against economic inequality. Here are 10 notable, wealthy individuals who have advocated for ending tax cuts on the rich and increasing programs for the poor: Ben Cohen The ex-hippie co-founder of Ben & Jerry’s ice cream founded TrueMajority, which […]
America’s education system is unequal and unfair. Students who live in wealthy communities have huge advantages that rig the system in their favor. They have more experienced teachers and a much lower student-teacher ratio. They have more modern facilities, more up-to-date computer and science equipment and more up-to-date textbooks. They have more elective courses, more […]
Two and a half years after the Occupy Movement jolted the country, America is once again abuzz with talk about poverty and inequality. Of course, along with a heightened focus on the problem come lots of ideas for fixing it. Some are smart, others are not, but nearly all of them share one thing in […]
The conventional wisdom of capitalism is encapsulated in the phrase “trickle down.” This means the money that some very rich people have accumulated gets invested in ways that create jobs, and the money dribbles down the social pyramid, first to administrators, then white collar managers and bureaucrats, then to the assembly line or shop floor […]
How will the 2016 election be framed? What will be America’s choice? If the coverage of last week’s two big winners offers a guide, the choice will be between “pragmatism” and “ideology.” The Washington Post called Chris Christie’s huge gubernatorial victory a “clear signal in favor of pragmatic, as opposed to ideological, governance.” But the […]
It is widely recognized that economists are not very good at economics. That is why we are looking at a decade of economic stagnation with tens of millions of people being unemployed or underemployed in Europe and the United States. If economists were better at economics, central banks in the United States and Europe would […]
Last Friday, my wife, Susan, was out where Santa Monica meets Brentwood to tell the President not to approve the Keystone XL pipeline. No one caught a glimpse of him, of course. What she did see were scores of expensive cars moving down San Vicente – black, big SUVs, as usual, and top-of-the-line Mercedes and […]
In the previous week we reposted this fact-packed, viral video (more than four million views at last count) about economic inequality in America. Its deft use of graphics makes this a handy resource — and worth a second look.
Few American economists want anything to do with social movements. Then there’s Robert Pollin, who has embraced his role as a progressive with a prolific output of books, studies and articles that make the economic case for greater equality. Pollin, who will be honored at the L.A. Alliance for a New Economy’s (LAANE) City […]
Suppose the growth of the U.S. economy slows to a trickle. I don’t mean in the next quarter or next year or even over the next decade. I mean from this time forth. That’s the prediction of Northwestern University economist Robert Gordon in a new paper that’s become the subject of widespread commentary. Gordon writes […]
A recent story in The New York Times, back in its business section, had important news about inequality: “Income Inequality May Take Toll on Growth.” A couple of economists at the IMF reported research (here) showing that, across many countries, periods of greater income inequality tend to be followed by slow-downs in economic growth. This […]