The Market Now

Posts tagged: income gap

Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Photographer: Emmanuel Dunand/AFP via Getty Images

Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Race, the Great Unmentionable

Even when unmentioned, race lurks in the background of almost every discussion of economic advancement. In the 20 most heavily African-American towns in the South it remains harder to rise out of poverty than in just about every U.S....

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Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Photographer: Barry Winiker/Getty Images

Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Advanced Degrees Won’t Keep Your Pay From Falling

A common bromide about today's economy is that it rewards those with educational credentials, while pummeling folks without degrees. Cue the usual tropes of the once high-paying factory jobs that have disappeared. Now look at the chart here.

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In Dyer County, Tennesse, the median income is $38,909 a year. Thirty-five thousand dollars can be both middle class, and underwater.

Photographer: Scott Olson/Getty Images

In Dyer County, Tennesse, the median income is $38,909 a year. Thirty-five thousand dollars can be both middle class, and underwater.

Is $35,000 a Year Middle Class?

A big part of the middle class feels poor and disaffected in a way that folks at a comparable income level did not 15 or 20 years ago. The trillion-dollar question is: What's changed?

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Harrods doorman Robert Taylor poses for a photograph outside the luxury department store in London, U.K.

Photographer: Jason Alden/Bloomberg

Harrods doorman Robert Taylor poses for a photograph outside the luxury department store in London, U.K.

New Money, Old Problem

The image of the brand-hungry Chinese tourist is a current cliche, much as the bejewelled Russian was a few years ago. Get past the gaudy stereotypes, though, and whether you look at China, Russia or the Middle East, you find...

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