Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
START “MORE FROM NEXT ECONOMY” Custom END “MORE FROM NEXT ECONOMY” Custom Transportation is about more than just moving people from point A to point B. It’s also a system that can either limit or expand the opportunities available to people based on where they live. In many cities, the areas with the shoddiest access…
Photo Credit Christophe Vorlet It is hard to avoid the feeling that our current economic problems are more than just a cyclical downturn. We know that the economy has gone through some bad times. But what exactly are we experiencing? One relatively optimistic view is that observed deficiencies — like slow growth in real wages…
WHEN our family moved from the West Village to the Upper East Side in 2004, seeking proximity to Central Park, my in-laws and a good public school, I thought it unlikely that the neighborhood would hold any big surprises. For many years I had immersed myself — through interviews, reviews of the anthropological literature and…
Amy Chozick has a fascinating story about politicians struggling to find a vocabulary to describe families who are not poor but who feel their economic struggles are sufficiently severe that they no longer self-identify as middle-class. I don’t have any advice to offer political wordsmiths, but the discussion is a good a reminder that household…
Best and worst places for income mobility How much extra money a county causes children in poor families to make, compared with children in poor families nationwide. Manhattan is very bad for income mobility for poor kids. It is better than only about 7 percent of counties. start of article section Location matters – enormously. If…
I woke up this morning to the news that New York Governor Andrew Cuomo had announced increased employment law regulation and enforcement in response to last week’s blockbuster New York Times investigation of nail salons, effective immediately. Workers will be required to wear gloves and masks to prevent the spread of skin diseases and protect…
Submitted by Dark Bid In society, exclusivity creates desirability. Whether it’s that special country club or elite college, privilege is defined by the rejection rate. In the previous era, the Ivy League was one of those prized organizations, and McDonald’s was the exact opposite. Now, the New Normal has seized our social convention and turned…
Every jobs report there remains a cohort of people who say, “There’s still no evidence of wage growth, and plenty of evidence that lots of labor slack remains.” It’s based primarily on these three charts. 1) Average Hourly Earnings (I prefer to use the series with production and nonsupervisory employees since the data goes back farther):…
The American dream of equal opportunity, based on the conviction that intelligence, hard work and character are the keys to success, may be on life support. These days children raised at the top or bottom fifths of the income pyramid tend to stay there, even as adults. Higher education is considered a major contributor to economic…
This story was written and reported by an investigative reporting class at the University of Cincinnati. Reporting by Morgan Batanian, Katie Coburn, Fernanda Crescente, Taylor Jackson, Tyler Kuhnash and Camri Nelson. Research contributed by Taylor Hayden, Talis Linauts, Kayleigh Murch, Matt Nichols, Malia Pitts and Lauren Smith. Kevin Leugers pays the University of Cincinnati to…