labor

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 …

Nick Hanauer: Inequality is bad for the rich Read More

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 …

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

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 …

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