Posts Tagged ‘gender’

Tax Reform

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MeToo

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That Awkward Moment When You Discover That Wall Street's Insanit

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Eduardo Porter is right: the “long, painful slog out of the Great Recession” hasn’t been accompanied by any kind of shared prosperity.

As the chart above reveals, the share of income going to the bottom 90 percent of U.S. households has actually fallen since 2007 (from 50.3 percent to 49.5 percent)—and, in recent years, remains far below what it was (67.4 percent) in 1970.

In other words, the so-called recovery looks a lot like the unequalizing dynamic of the U.S. economy in the years and decades leading up to the Great Recession. Those who work for a living have been getting less and less, while those at the top have managed to capture and keep the growing surplus.

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We’re not just talking about the white working-class. Wages “for all groups of workers (not just those without a bachelor’s degree), regardless of race, ethnicity, or gender”, have (since 1979) have lagged the growth in economy-wide productivity.

And that’s just in terms of income. As Porter explains,

by many other metrics, Americans’ well-being remains pretty low. Whether it is life expectancy or infant mortality, incarceration or educational attainment, countless statistics offer a fairly dark picture of the American experience. It is a picture of prosperity that consistently leaves large numbers of Americans behind.

The United States suffers the highest obesity rate among the 35 industrialized countries that make up the Organization for Economic Cooperation and Development. In terms of life expectancy at birth, it ranks 10th from the bottom. America’s infant mortality rate has dropped by half since 1980. Still, today Turkey and Mexico are the only countries in the O.E.C.D. to report a higher share of dead babies. Infant mortality fell faster in almost every other industrialized country.

Mainstream economists, politicians, and pundits may prefer to focus on the first part of Charles Dickens’s famous opening sentence. But that’s only true for the tiny group at the top. For everyone else, it really is—and has been for decades—”the worst of times.”

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Wait. . .

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There. . .

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I suspect gender is one reason some have chosen to support Hillary Clinton (but there are many, many reasons why not to, having to do with the political positions she holds and the interests she represents).

Still, it is extraordinary that, according to data collected by Justin Wolfers, over the past decade, women have been elected to only 17.5 percent of House seats, which places the United States below nearly every other rich country—with a percentage equal to that of Bangladesh and Venezuela.

We’re #28!

Posted: 19 November 2015 in Uncategorized
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The United States is 28 (among 145 countries) in the World Economic Forum’s Global Gender Gap Index rankings [ht: ja] for 2015.* It is thus sandwiched between Mozambique and Cuba and far below the top ten.

Italy (41) comes in even lower, just ahead of Colombia, while Israel’s rank is only 53, six places behind Kazakhstan.

The U.S. ranking is pulled up by such factors as average income, enrollment in education, and sex ratio at birth but pulled down by a large number of gender gaps: labor force participation, senior officials and managers, healthy life expectancy, and all forms of political empowerment (women in legislatures, women in cabinet posts, and years with a female head of state).

 

*This year is the tenth edition of the Index, which benchmarks national gender gaps on economic, political, education, and health criteria.