Economic Inequality
Coverage of Economic Inequality in the Nexus archive.
- Councilmember Rick Cole to Host Webinar on Community Mental Health Amid Growing Local and Global Strains
Pasadena City Councilmember Rick Cole is hosting a webinar on July 7 to discuss community mental health, citing international conflict, national unrest, the Eaton Fire's effects, and economic inequality as contributing factors. The event aims to explore approaches to strengthening mental health support and encourage public participation.
- Longtime Fed chair, Ayn Rand disciple Alan Greenspan dead at 100
Alan Greenspan, who led the US Federal Reserve for nearly 20 years and whose policies contributed to economic inequality and multiple crashes, died at 100 after battling Parkinson’s disease. The article notes corporate media published hagiographic obituaries despite his role in these economic issues.
- 12 June: Delta residents decry huge gap between rich, poor
Residents of Delta in Nigeria express concern over the growing wealth gap and difficult economic conditions, stating people are barely surviving. The article highlights the troubling economic situation in the region.
- Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed
Low-income households in the U.S. are experiencing a significant rise in food insecurity, driven by a K-shaped economy. The Federal Reserve Bank of New York attributes this trend to growing economic disparities, with many Americans feeling worse off due to the crisis.
- Retail’s K-Shaped Economy
The article discusses the K-shaped economy in retail, where high-end and low-end segments perform well while the middle market struggles. This divergence reflects broader economic inequality and changing consumer spending patterns across different income levels.
- Economic inequality is destroying our democracy
The article warns that economic inequality threatens democracy, citing Supreme Court Justice Louis Brandeis' warning about wealth concentration. It highlights 30-year highs in economic and wage inequality, with the U.S. ranking first in poverty and second in infant mortality among peer countries.