2016 Postmortem

cali

(114,904 posts) Mon Feb 22, 2016, 07:38 PM Feb 2016

The President's advisors report income inequality is rising

The 2016 Economic Report of the President says that the economy will continue modest, steady growth this year but that inequality remains higher in the United States than in other countries and has been growing faster.

The annual report, released Monday and written by the Council of Economic Advisers, said that President Obama’s proposals to raise the minimum wage, put money into early childhood education and help low-income families with children would ease inequality.

While the report concluded that some of the inequality was the result of competition and higher productivity stemming from technological advances, it also said that some was the result of undeserved income paid to individuals and companies.

<snip>
https://www.washingtonpost.com/business/economy/obama-advisers-see-steady-economic-growth-and-widening-inequality/2016/02/22/ad832aea-d976-11e5-81ae-7491b9b9e7df_story.html

12 replies

= new reply since forum marked as read

Highlight:

The President's advisors report income inequality is rising (Original Post) cali Feb 2016 OP

..... and yet, he will STILL press to get the TPP passed DJ13 Feb 2016 #1

Exactly EndElectoral Feb 2016 #4

TPP should help Kittycat Feb 2016 #2

And we are doomed to continue on this path. So sad. The young people will Nanjeanne Feb 2016 #3

Message auto-removed Name removed Feb 2016 #5

And it will continue to if Bernie isn't elected. nt Live and Learn Feb 2016 #6

The establishment frames the issues.. speaktruthtopower Feb 2016 #7

shocking wealth inequality: amborin Feb 2016 #8

I do know this much. Shandris Feb 2016 #9

Doh ! CentralMass Feb 2016 #10

Hey guys. Look what we just found, who knew. Could you please pass the caviar. CentralMass Feb 2016 #11

Hint: look at the 46 million people living poverty next. CentralMass Feb 2016 #12

DJ13

(23,671 posts)

1. ..... and yet, he will STILL press to get the TPP passed

Reply to cali (Original post)

Mon Feb 22, 2016, 07:40 PM

Feb 2016

He's really not on our side, is he?

EndElectoral

(4,213 posts)

4. Exactly

Reply to DJ13 (Reply #1)

Mon Feb 22, 2016, 07:42 PM

Feb 2016

Kittycat

(10,493 posts)

2. TPP should help

Reply to cali (Original post)

Mon Feb 22, 2016, 07:41 PM

Feb 2016

because really.

Nanjeanne

(4,960 posts)

3. And we are doomed to continue on this path. So sad. The young people will

Reply to cali (Original post)

Mon Feb 22, 2016, 07:41 PM

Feb 2016

Suffer the most with these two parties.

Response to cali (Original post)

Name removed Message auto-removed

Live and Learn

(12,769 posts)

6. And it will continue to if Bernie isn't elected. nt

Reply to cali (Original post)

Mon Feb 22, 2016, 07:45 PM

Feb 2016

speaktruthtopower

(800 posts)

7. The establishment frames the issues..

Reply to cali (Original post)

Mon Feb 22, 2016, 07:46 PM

Feb 2016

e.g. "income inequality."

The issue is wealth inequality.

amborin

(16,631 posts)

8. shocking wealth inequality:

Reply to speaktruthtopower (Reply #7)

Mon Feb 22, 2016, 07:48 PM

Feb 2016

Bernie Sanders discusses how the economic meltdown of 2008 severely impacted people's wealth.

But as the years pass, this problem has gotten worse, not better.

..even as the economic recovery has begun to mend asset prices, not all households have benefited alike, and wealth inequality has widened along racial and ethnic lines.

The wealth of white households was 13 times the median wealth of black households in 2013, compared with eight times the wealth in 2010, according to a new Pew Research Center analysis of data from the Federal Reserve’s Survey of Consumer Finances.

Likewise, the wealth of white households is now more than 10 times the wealth of Hispanic households, compared with nine times the wealth in 2010.

The current gap between blacks and whites has reached its highest point since 1989, when whites had 17 times the wealth of black households.

The current white-to-Hispanic wealth ratio has reached a level not seen since 2001.

http://www.pewresearch.org/fact-tank/2014/12/12/racial-wealth-gaps-great-recession/

Shandris

(3,447 posts)

9. I do know this much.

Reply to cali (Original post)

Mon Feb 22, 2016, 07:54 PM

Feb 2016

After this election, I will never trust the words "We're all in this together" from anyone I haven't known personally at least 30 years. 'We' aren't. Not by a long shot.