Category: Income inequality

Key developments: The nonprofit’s 2025 tax filing shows more than half of its 342 employees earned six‑figure wages, with CEO Valerie Jarrett pulling $771,000—up $15,500 from the prior year—and EVP Robin Cohen earning $666,000. Payroll has surged from $18.5 million…

Continue reading Obama Foundation Faces Internal Income‑Inequality Clash as Executives Earn Six‑Figure Salaries While Staff Push to Unionize

Key developments: The nonprofit’s 2025 tax filing reveals that more than half of its 342 employees earned six‑figure incomes, with CEO Valerie Jarrett drawing $771,000 and other top executives pulling six‑figure paychecks. At the same time, rank‑and‑file staff…

Continue reading Obama Foundation Faces Growing Income Inequality as Executives Earn Six‑Figure Salaries While Staff Push for Union Rights

A new Pew Research Center survey shows that 61% of U.S. adults now believe there is too much economic inequality, with the sentiment strongest among Democrats (78%) and weaker among Republicans (42%). Support for radical solutions is rising…

Continue reading Americans’ Growing Discontent With Economic Inequality Highlights Deepening Income and Wealth Gaps

Key developments: Labor MP Andrew Leigh warned that while AI may shrink wage gaps, a small group of AI firms could become “toll collectors” for the broader economy, pushing total income inequality higher. He emphasized that AI’s productivity…

Continue reading AI boom could widen income inequality, with only a handful of ‘toll collectors’ benefiting

Key developments: Labor MP Andrew Leigh warns that AI could compress wage differentials by making junior workers more productive, but the ownership of AI tools may concentrate profits in a few dominant firms – the so‑called “toll‑collector” model.…

Continue reading AI‑Driven Wage Gap Shrink May Mask Rising Income Inequality

Key developments: Recent Federal Reserve data reveal that from 2021 to 2024 the median family’s inflation‑adjusted income rose 7%, driven primarily by a 7% gain for middle‑income earners, while the top 10% saw real incomes fall 6% to…

Continue reading Post‑pandemic data shows U.S. income inequality shrinking, but AI threatens to reverse the trend