Inequality: What We Earn vs. What We Consume

Is inequality better measured by what we earn or what we spend? The difference is surprising. [Credit: Politic.org]

Is inequality better measured by what we earn or what we spend? The difference is surprising. [Credit: Politic.org]

Is your standard of living better measured by what you earn or by what you buy?

The question may seem an odd one, but it is critical to understanding the problem of rising inequality. Continue reading

What Will The Poor Pay for Obamacare?

Credit Huffington Post

Millions of uninsured Americans with low incomes will find that coverage under Obamacare isn’t free. How they react to that bracing bit of news will help determine whether the law succeeds. [Credit: Huffington Post]

President Obama promised change.  Obamacare will bring it.  But one of its most far-reaching changes has nothing to do with health care.  Continue reading

America’s Shrinking Workforce

Unemployment officeAmerica had a bad week. We once again were reminded that terrorism represents a continuing threat, that individuals poisoned by hateful ideology can inflict great harm. We were also reminded that we are capable of responding to these brutal acts, as President Obama said, “Selflessly. Compassionately. And unafraid.”

Terrorism presents a challenge to which we’ve yet to formulate a durable response. We remain vulnerable, despite the government’s continued efforts to keep us safe.

There is another problem, less horrific in its immediate effects but no less intractable, that also is getting the better of us: the problem of joblessness. Continue reading