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Tag Archives: Disparity

Longevity and Income

Summary: Rich people live longer than poor people in the US. This disparity undermines the progressive nature of Social Security. Disparity of income seems more important than the slowdown in growth in explaining why few US people are doing better than their parents at the age of 30. Americans do not like to talk about class.  Many like to think that there are no classes in the US and that sufficient hard work...

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Great Graphic: Another Look at the Reproduction Problem

In order for a society to be sustained social relations have to be reproduced. Yet now neither the middle class nor capital are able to reproduce themselves. This may be the single greatest challenge our society faces. David Leonhardt of the New York Times reminds us that the phrase “American Dream” was born during the Depression.  A popular book in 1931 that introduced the concept  defined it as “that dream of a land...

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Great Graphic: Another Look at the Reproduction Problem

In order for a society to be sustained social relations have to be reproduced. Yet now neither the middle class nor capital are able to reproduce themselves. This may be the single greatest challenge our society faces. David Leonhardt of the New York Times reminds us that the phrase “American Dream” was born during the Depression.  A popular book in 1931 that introduced the concept  defined it as “that dream of a land...

Read More »