Salvatore Babones is a senior lecturer in sociology and social policy at the University of Sydney and an associate fellow at the Institute for Policy Studies (IPS). He holds both a master’s degree in statistics and a Ph.D. in sociology from the Johns Hopkins University. Before moving to Australia in 2008, he worked in financial risk management and taught sociology and statistics at several U.S. universities. His academic research focuses on income inequality, economic development, and statistical methods for comparative social science research. He writes a weekly column for the Inequality.org website and contributes to progressive websites and newsletters across America. Read about his upcoming book on the American economy, Benchmarking America, at BenchmarkingAmerica.com and visit his personal website, SalvatoreBabones.com. Dr. Babones welcomes e-mail and is always happy to contribute opinions and expertise to a good cause.
America’s schools are not failing; America is failing its schools.
If President Obama really wants upward mobility for poor people, then he should support downward mobility at the top.
Sure, some people can use guns safely. Some people can also smoke crack safely, drink and drive safely and handle explosives safely. We don’t let them because too many other people can’t.
In the real economy – the place where the 99% live and work – it’s hard to take Mitt Romney’s plan seriously; but let’s try to make sense of it anyway, unhindered by logic, arithmetic or the laws of time, space and gravity.
As state anti-poverty programs around the country confront severe budget cuts, today’s report indicates income inequality has reached an all-time high.
If America could eliminate most serious poverty in the United States in the 1960s, surely we could do the same today.
White America is slowly returning to normal. It’s a shade poorer normal to be sure, but normal all the same. The Black Economy, on the other hand, is still in full-blown recession.
If the deficit disappears, our economic nightmare might finally come to an end.
Germany, France, Italy, and Spain take time out from acute crisis talks to agree on a long term policy solution: taxing financial transactions.
Families with two breadwinners can end up paying more than twice as much in Social Security taxes as families with just one income.
For America’s corporations, it pays to get involved in elections. This might be good for business, but it’s bad for politics.
It may be difficult to face facts in an election year, but the fact is that Social Security retirement benefits are just too low.
For most people facing poverty today in the United States, the concept of America as the land of opportunity is just a fable.
Had the federal minimum wage risen at the same pace as the earnings of the highest-paid Americans, it would now be $26.96 an hour.
Retail sales are up in the top 1 percent’s plutonomy, but down in the realonomy where the other 99 percent live.