Nick Hanauer: Inequality is bad for the rich

Check out this quite compelling TED talk from Nick Hanauer, an entrepreneur, investor, capitalist, and self-described plutocrat. Hanauer is a billionaire, but makes the case that trickle-down economics and rising inequality are especially bad for the rich. One claim he makes: Some inequality is necessary for a high-functioning capitalist democracy. The problem is that inequality is at historic highs today and it’s getting worse every day. And … Continue reading Nick Hanauer: Inequality is bad for the rich

How much do you need to make in LA to afford the average apartment?

Answer: $33/hour, at least And a home? According to a new report from KPCC: The median home price in Los Angeles is $570,500, according to the real estate website, Trulia.com. But consider that the median income in Los Angeles is about half that: $49,497, according to census numbers from 2009-2013. So it’s no surprise that Los Angeles has been rated as the most unaffordable city to rent … Continue reading How much do you need to make in LA to afford the average apartment?

Fleeting Youth, Fading Creativity in Science

In the Wall Street Journal, Johah Lehrer explores the connections between youth and creativity in the sciences. For one, he notes the demographic shift toward older scientists: In 1980, the largest share of grants from the National Institutes of Health (NIH) went to scientists in their late 30s. By 2006 the curve had been shifted sharply to the right, with the highest proportion of grants … Continue reading Fleeting Youth, Fading Creativity in Science

A Tale of Two Gaps: Why we should really care about education and the labor market

An article in today’s Los Angeles Times proclaims: “Not since the 1970s have workers with bachelor’s degrees seen a prolonged slump in earnings during a time of economic growth. … According to U.S. Census Bureau figures, college graduates earned an average of $51,206 last year, whereas high school graduates earned $27,915 and those with no high school diploma earned $18,734. … The average annual wages … Continue reading A Tale of Two Gaps: Why we should really care about education and the labor market