Monday, October 24, 2011

Visualize Plutocracy!

How Rich are the Superrich?
A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.

More charts available at "It's the Ineqality, Stupid!":

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Friday, October 21, 2011

Joseph Stiglitz: How to put America back to work

Opinion: How to put America back to work - Joseph E. Stiglitz -

September 7, 2011

"The country is — or should be — focused on jobs. Some 25 million Americans who want a full-time job can’t get one. The youth unemployment rate is as much as twice that of the already unacceptable national average.

America has always thought of itself as a land of opportunity — but where is the opportunity for our youngsters who face such bleak prospects? Historically, those who lose their jobs quickly got another, but an increasingly large fraction of the unemployed — now more than 40 percent — have been out of work for more than six months."

Is there anything that anyone can really do -- given the country's looming debt and deficit? The answer from economics is: There is plenty we can do..."

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