In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.
Category: Income Inequality
With Inflation This High, Nobody Knows What a Dollar Is Worth
Strong reactions to rising prices and misunderstandings about the value of money are rampant, our columnist says.
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
The tire maker vowed to ensure that none of its workers would struggle to make ends meet.
Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.
India Election: What 10 Years of Modi Has Meant for the Economy
Narendra Modi has kept India on its swift upward path among the world’s largest economies. Many Indians are better off, though wealth gaps have widened.
As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy
The Biden administration has deployed various programs to try to increase access to clean energy. But systems that could help lower bills are still out of reach for many low-income households.
Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era
Decades after independence, the Philippines lacks the kind of factory economy that has lifted up other Asian nations, tying millions to farm work.
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
Nonunion Workers Are Playing a Big Role in the Autoworkers’ Strike
The three U.S. automakers say they are already at a disadvantage to nonunion rivals while labor leaders hope that big gains in negotiations will inspire workers in Southern states to unionize.
American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.