A proposed income tax on the highest earners in Seattle could move forward to a vote this summer. A resolution sponsored by Council member Lisa Herbold this week aims for a vote by July. The income tax idea has been getting a lot of attention since last week, when Seattle Mayor Ed Murray voiced s...
What would incomes be for today’s working families today if the U.S. economic picture were the same as it was in 1979? Harvard professor and former US Treasury secretary Larry Summers recently crunched the numbers for this idea in the Financial Times. Here are the results: Families that fall i...
Those who study workplace injuries in the U.S. had both good and bad news to report this past week. There are fewer occupational injuries today; but the bad news is those who are hurt now get far less help. This data comes from an important report just released on how the system is failing to provi...
Feel like your middle class job isn’t paying what it should? Feel like you’re getting less and less of the American pie? You’re not alone. From time immemorial, people have complained about how “the rich keep getting richer,” but new data gives the old complain added urgency: by next year,...
Bad news for parents: the price tag of education and childcare continues to go up and up. Just check out this chart from a recent Brookings Institution analysis of consumer price data from the Bureau of Labor Statistics, depicting the change in different household costs relative to median U.S. in...
With graduation season upon us, many students are reflecting on the value of their diplomas. Not surprisingly, today’s college grads have a huge advantage over high-school grads when it comes to earning -- but this is primarily because the value of high-school diplomas has nearly bottomed out. Wh...
Income and overall wealth for the top 1 percent of Americans has skyrocketed by 275%  during the past 30 years, while growth for the other 99%  has remained frozen. A new study by the Economic Policy Institute, a liberal-leaning think tank, indicates that lawmakers’ decisions to shift to a less...
During the recent economic recovery, income increased for the top 1 percent of earners by over 11%. However, these gains did not apply to the other 99 percent of workers, according to new data from the Bureau of Labor Statistics and studies out of the University of California, Berkeley. Americans w...