The current federal minimum wage falls below the poverty threshold for most households. A new CBO report says raising the minimum will increase income for millions of low-wage workers but cost thousands their jobs.
Globally, incomes have risen fastest for the very well-off and the bottom two-thirds of the world’s people, but have stagnated or fallen for the “global upper middle class.”
President Obama took on a topic yesterday that most Americans don’t like to talk about much: inequality. There are a lot of ways to measure economic inequality (and we’ll be discussing more on Fact Tank), but one basic approach is to look at how much income flows to groups at different steps on the economic […]