Brookings recently published a they-owe-the-public-better report on income inequality. One of the report’s headline conclusions shows, without any qualification, that growing up African American and poor (bottom quintile of earnings) is worse, from an expected earnings perspective, than growing up white and poor. See the chart below. While that may be true, a fairer way to measure whether America treats races differently is to factor out traits they have in ... Read More
Brookings Inadvertently Finds the Poor Have Higher Incomes in Cities Where the Rich are Richer
A recent report by the Brookings Institution inadvertently shows the poor have higher incomes in cities where the rich are richer. ... Read More
Brookings reports decline in income inequity
A new Brookings report, “Income Growth and Income Inequality: The Facts May Surprise You” reports that after-tax income inequality declined between 2000 and 2010, and likely declined through 2012 (the most recently reported numbers). While it’s true that top income earners capture most all the gains since the depths of the recession, Brookings reports: “CBO’s new numbers show that households in the top income percentile saw their before- and after-tax incomes shrink ... Read More
