Apple, Alphabet (parent of Google) and Facebook generated $333 billion of revenue combined last year with 205,000 employees worldwide. In 1993, three of the most successful, technologically oriented companies based in the Northeast — Kodak, IBM and AT&T — needed more than three times as many employees, 675,000, to generate 27 percent less in inflation-adjusted revenue.
after decades of affirmative action, black and Hispanic students are more underrepresented at the nation’s top colleges and universities than they were 35 years ago ... The share of black freshmen at elite schools is virtually unchanged since 1980. Black students are just 6 percent of freshmen but 15 percent of college-age Americans,
Without really good public transportation, it's very difficult to deal with inequality ... 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 to public transit are the most impoverished—and the lack of investment leaves many Americans without easy access to jobs, goods, and services.
That the right wing’s focus is not simply opposition to abortion but also reducing women’s access to contraception gives away the game: Theirs is an effort to keep women from making decisions about when, if, and under what circumstances to have children, and thereby to keep them from exerting agency over their families, their work, their partnerships, their sex lives, and their bodies ... abortion is not just about women’s equality; it is at the very heart of economic and racial inequality
It simply is no longer necessary to have a great number of workers making things or performing services to generate billions of dollars in value... Alphabet Inc., owner of Google and the most valuable corporation in the United States today, employs 61,000 workers in the United States; the next most valuable company, Apple, employs 76,000 in country. By contrast, at its peak, General Motors had 618,365 U.S. workers ... Airbnb with a total of 1,600 employees has a market value of over $25 billion.
A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education. In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the worst kind of debt for Americans – and the best kind for banks and debt collectors.
Public opinion polls show a significant shift in views on married couples using a single surname. In 1976, close to two-thirds surveyed by the Ministry of Justice said the law was fine as is; that had dropped to just over one-third in 2012. In the absence of legal reform, some couples choose not to legally register their marriages, even though women in such relationships have fewer legal protections.
As world wealth has grown to record levels in recent years – to an estimated $241 trillion – inequality has also grown, with 0.7% of the global population owning 41% of the assets. Wealth managers are estimated to direct the flows of up to $21tn in private wealth, resulting in about $200bn in lost tax revenues globally each year ... The wealthy and powerful are notoriously difficult to study ... wealth management presents particular challenges, as the profession depends on secrecy
The highest-paying jobs disproportionately reward those who can work the longest, least flexible hours. These types of job penalize workers who have caregiving responsibilities outside the workplace. Those workers tend to be women ... The gender gap in pay would be considerably reduced and might even vanish if firms did not have an incentive to disproportionately reward individuals who worked long hours and worked particular hours.
The evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are. Of course, apart from redistribution, policies could be designed to mitigate some of the impacts in advance—for instance, through increased spending on education and training, which expands equality of opportunity (so-called predistribution policies).