Heads up, cities: Economic growth does not necessarily go hand-in-hand with economic and racial inclusion. That’s the finding of a new, in-depth analysis by the Urban Institute (UI) of the 274 largest cities in America. The report and accompanying data tool show how economic shifts in these cities since the 1980s have corresponded with “inclusion”—the […]
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A recent analysis of American debt revealed a startling shift: Borrowers between the ages of 45 and 74 now owe more money in education-related debt, on average, than do younger college graduates. People under age 35 with student debt owe $32,900 on average, according to data from the Fed’s 2016 Survey of Consumer Finances. That […]
Basic income will be widespread by the 2030s, according to Google futurist and director of engineering Ray Kurzweil. Kurzweil is known for making seemingly wild predictions. In 2016, he predicted that by 2029, medical technology will add an extra year to human life expectancies on an annual basis.
Retail bankruptcies hit an all-time high in the first quarter of the year, according to Moody’s Investors Service. Sears, J.Crew, and Neiman Marcus are among the companies that could be next to default, according to S&P Global Ratings. The fallout is far from over, however, with many more defaults expected for the remainder of 2018.
Over the past few months, Starbucks, CVS, and Walmart announced higher wages and a range of other benefits like paid parental leave and stock options. Despite what the brands say in their press releases, the changes probably had little to do with the Republican corporate tax cuts, but they do reflect a broader economic prosperity, […]
In towns where workers are scarce, employers are boosting pay and perks and stepping up recruiting—all while trying to avoid raising prices. What will happen when the U.S. unemployment rate falls below 4 percent, which is expected to occur by this summer? One way to tell is to look at cities where joblessness is already […]
10 highest-paying fields — with lots of growth — for gig workers This is one hell of a gig. Millions of workers now participate in the gig economy — loosely defined as the workers who work a series of freelance or temporary jobs rather than one full-time job. Indeed, about one in four Americans now […]
At Brain Bar Budapest, a large hall that was plastered in dark and leafy plants struggled to hold a sea of attendees. The crowd gathered to watch Steve Fuller, author of Humanity 2.0 and the Auguste Comte Chair in Social Epistemology at Warwick University, debate Zoltán Pogátsa, a Hungarian political economist. The topic at hand? […]
How much money it takes to be “rich” varies from city to city. About 20% of Americans are upper-income, or “rich,” meaning they earn at least two times the national median household income. The amount of money it takes to be considered rich is largest in San Jose, California.
Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public.