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October 7, 2008 11:39:24 PM CDT

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Stories related to: income disparity

Stories

5 Stories

  • August 2008

    • Ivy Leaguers Start Ahead, Stay Ahead

      Wall Street Journal  |  Aug 1, 08 12:35 PM CDT

      Ivy Leaguers Start Ahead, Stay Ahead

      (Newser) - How much you make correlates with where you went to school, a new study finds. Bachelor’s degree holders’ salaries grow at the same rate over the first decade of their careers regardless of the school, the Wall Street Journal reports, but Ivy League graduates’ median starting salary is 32% higher than that of liberal arts grads, a disparity sustained at 34% 10 years into their careers. More »

      Tags

      Harvard  • higher education  • income  • Ivy League  • Ohio State University  • Dartmouth  • income disparity  • salary gap

  • May 2008

    • How the Middle Class Was Systematically Betrayed

      Wall Street Journal  |  May 14, 08 1:10 PM CDT

      How the Middle Class Was Systematically Betrayed

      (Newser) - Thomas Frank tackles the decline of the American middle class in an outraged op ed piece in today's Wall Street Journal. He confesses fascination with "the mechanics of this huge social reconfiguration," which has, over several decades, shunted the nation's wealth into fewer and fewer hands, until the top 1% of the population takes home more than the bottom 40%. It's the kind of fascination, he adds, one might feel for "the industrial procedures of a slaughterhouse." More »

      Tags

      trade  • tax cuts  • middle class  • deregulation  • income disparity  • slave labor

  • December 2007

    • Tax Harvard to Help Fund Poorer Colleges

      New York Times  |  Dec 21, 07 4:17 PM CST

      Tax Harvard to Help Fund Poorer Colleges

      (Newser) - The growing disparity between the richest universities and their more modest counterparts is not as often discussed as other aspects of America's wealth gap, prominent investment banker Herbert Allen writes in the New York Times —but it should be. The nation’s wealthiest colleges have endowments topping $1 million per student—thousands of times greater than those of the poorest. More »

      Tags

      Harvard  • Yale University  • endowment  • Princeton University  • income disparity

    • Rich Getting Even Richer, Even Faster

      New York Times  |  Dec 15, 07 4:17 PM CST

      Rich Getting Even Richer, Even Faster

      (Newser) - America’s economy is great, the New York Times says, if you’re already super rich. Between 2003 and 2005, America’s top 1% saw a meteoric 42.6% jump in income. The rest of us? Well, the middle fifth earned an extra 4.3%, and the bottom fifth just 1.3%—or $200 per household. “This is an economy that’s working, but not working for everyone,” said one economist. More »

      Tags

      US economy  • wealth  • ultra rich  • income disparity

  • October 2007

    • A New High: 1% of Rich Have 21.1% of Riches

      Wall Street Journal  |  Oct 12, 07 10:50 AM CDT

      A New High: 1% of Rich Have 21.1% of Riches

      (Newser) - The wealthiest 1% of Americans hit a 21.1% record share of the nation's income, according to IRS figures released yesterday. While the data don't point to a specific cause, the Journal cites the heretofore booming stock market. The previous peak of 20.8% was in 2000, also at the height of a stock bubble, and academics speculate similar conditions prevailed in the 1920s. More »

      Tags

      recession  • Internal Revenue Service  • income disparity

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