Social Justice
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McDonald's $8.25 Man and $8.75 Million CEO Shows Pay Gap
By: Paul Solman Photo by Katrina Charmatz via Getty Images Paul Solman answers questions from the NewsHour audience on business and economic news here on his Making Sen$e page. Here is Friday's query: David G : I keep seeing an argument that says that income inequality is not as bad as statistics make it appear because poor people receive government benefits (or can -- perhaps they don't). Your friend Bob Lerman seems to feel this way.
Income Inequality vs. Wealth Inequality | PBS NewsHour
Today’s World Water Day , and one Innovation District non-profit is using the opportunity to tap Indiegogo to help expand its water purification efforts while helping launch a network of women entrepreneurs in rural Ghana. Since 2008, Community Water Solutions has worked with villages around Tamale, Ghana, to set up basic water purification systems. The systems are simple, inexpensive, and effective, according to co-founder and executive director Kate Clopeck: The consist of large, concrete basins and three large buckets. The water is then treated with chlorine and a coagulant called alum. Each system is given to women of the village — typically two per system — who then create a business cleaning and selling the water. Clopeck, an MIT alumna, said that so far, about 49 of these small businesses had been created, with all of them remaining active.
Non-profit turns to Indiegogo to help spread clean water and women’s entrepreneurship - Inside the Hive
America’s biggest retailer may be in for an unexpectedly painful holiday season. Protesting low wages, spiking health care premiums, and alleged retaliation from management, Wal-Mart Stores workers have started to walk off the job this week. First, on Wednesday, about a dozen workers in Wal-Mart’s distribution warehouses in Southern California walked out, followed the next day by 30 more from six stores in the Seattle area . The workers, who are part of a union-backed employee coalition called Making Change at Wal-Mart , say this is the beginning of a wave of protests and strikes leading up to next week’s Black Friday.
Wal-Mart Workers' Black Friday Strike
The Road to Complete Separation When the Union of South Africa was formed out of two British colonies and two Boer colonies in 1910, discriminatory colonial practices became a national policy. The purpose of these laws and practices was the separation of races—under white control. One of the first laws passed was the Natives’ Land Act of 1913.
Complete Separation | southafricaproject.facinghistory.org
Is There Really A 'Line' For Immigration?
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Why We Need Labor Unions After All | Daily Ticker
There are many reasons why some executives don't like labor unions. They can create an "us versus them" culture within companies and organizations, instead of putting everyone on the same team They can create a culture of entitlement They can restrict flexibility and hurt competitiveness They can drive companies to move jobs out of the country, to places where there are no unions They can become career employment for their leaders, who pay themselves well (much better than the workers they're representing) They can maintain ludicrous compensation and benefit levels for jobs based purely on seniority They can force companies to treat all union employees equally, regardless of the relative skill and value of particular employees--thus reducing incentives for people to do a great job Etc. But unions came into being because company owners weren't sharing enough of their companies' wealth with the rank-and-file employees who helped produce it.The South African Truth and Reconciliation Commission (TRC) was set up by the Government of National Unity to help deal with what happened under apartheid. The conflict during this period resulted in violence and human rights abuses from all sides. No section of society escaped these abuses.
Truth and Reconciliation Commission
Who Rules America: Wealth, Income, and Power
by G. William Domhoff This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators.
Comparing The United States to Honduras.
The GINI index measures the degree of inequality in the distribution of family income. In Honduras is 53.80 while in The United States it is 45.00. This index measures the degree of inequality in the distribution of family income in a country.
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Bonus Withdrawal Puts Bankers in "Malaise"
President Obama may talk a big game about economic fairness, but his record on the issue doesn't quite match up. There are lots of reasons to think so -- and we'll touch on several in just a minute -- but the most recent comes from Matt Stoller, blogging at Naked Capitalism , who points us toward a recent bit of number-crunching from Emmanuel Saez, a professor at the University of California, Berkeley. Saez, who's known for his work on the income gap, has highlighted a surprising and discouraging fact: during the post-recession period of 2009 and 2010, the rich snagged a greater share of total income growth than they did during the boom years of 2002 to 2007. In other words, inequality has been even more pronounced under Obama than it was under George W. Bush.