The State of the Union and the State of Inequality in the United States

As I listened to President Obama’s state of the union speech, I was struck by the continued themes related to income inequality.

Will the increase in minimum wage help people in poverty?

In a Forbes articles Robert Lenzner talked about the “Inequality Boom” and the continued decline of the middle class. He quotes social scientist Sheldon Danziger and his review of census data –

“From 1960 until 1975 the median earnings for a full time male worker rose from $36,420 to $51,670, but then slowly declined to $49,398 in 2012, when adjusted for inflation, according …read more