Archive for the 'income gap' Category

Just-in-time staffing has been a recently significant problem due to the scheduling struggles it creates for various families, especially those that are low-middle income and are single parents. The article “Working Anything but 9 to 5” by Jodi Kantor provides a very troubling glimpse into the life of Jannette Navarro; a 22-year-old Starbucks barista, and […]

The disproportionate ratio of job availability to job seekers is creating a detrimental atmosphere. To be stuck in that situation is unimaginable to me. It takes unwavering willpower and tremendous luck to finally leave this deep hole. Plus, the obstacles of finances and emotional stress will impede many moves. Will the market resolve itself or […]

The availability of jobs has a great effect on the growing income gap and income inequality.  It’s not that people don’t want to work; it’s that they are discouraged from finding a job. From the articles, it states that workers were paid more during the recession than during the recovery. Raising the minimum wage is […]

The New York Times article, just written six months ago, details the lack of employment among workers in their prime working years. Nearly three million workers has disappeared, due to retirement of baby boomers and others just flat-out quitting to return to the workforce. Not only did the number of jobs created decrease, but also […]

Getting and creating jobs are very good things, don’t get me wrong. But when the quality is overshadowed by the quantity, well, that’s a problem. A 23% decrease in wages, accounting for $93 billion in lost wages is a substantial number. This number is further widening the gap between the rich and poor. Most of […]

The New York Times article raises an issue I mentioned in one of my prior blog posts about minimum wage increases. This is the notion of the labor force participation rate. I argued that while raising minimum wage was important, it is just one step towards finding a solution to income inequality. Simply, we can […]

From all the readings and class discussions we have had in class regarding income inequality, one variable we have yet to discuss is job creations relative to workforce participation. We have learned collectively that income inequality has continued to skyrocket in New York City and the whole United States, but we have not considered the […]

Wage gap and sluggish employment growth within the United States have been significant underlying drivers to income inequality within the past few decades. Wage gap specifically definitely supports the phrase that the rich get richer and the poor either stay the same or get poorer. The report made by The United States Conference of Mayors […]

The first possible explanation for the wage gap between pre recession salaries and salaries today is that during the recession many workers were entering the workforce with no jobs available and even today there is a backup of available workers. This causes more workers than jobs available, which obviously would affect wages. Using the 2001-2002 […]

When I first heard that the unemployment rate was dropping, I thought that signaled the end of the recession. But then in Macroeconomics class, my professor talked about “discouraged” workers, people who stopped looking for jobs. This issue is covered by the NY Times article. The usmayors.org article talked about another issue of the recession: […]

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