Elise Gould, Hilary Wething
Economic Policy Institute
Wages make up a large share of income for most U.S. working families, lost wage growth meant sluggish income growth. There was one group where wage growth, and income growth, was substantial: the top 1%, whose wages skyrocketed 182% since 1979
Historian Kim Phillips-Fein’s book Country of Lords looks back at the many men who have tried to fight against egalitarianism, from John Adams to Peter Thiel
Over 50% of the profits from recent oil supply shocks went to the top 1% of Americans. The bottom half received just 1%. The Iran war likely triggered another massive transfer to the very richest.
Sure, Alien is about an alien. But, on a deeper level, it's the story about the horrors of a cartoonishly evil company with unchecked power. The Weyland-Yutani Corporation is an extreme form of what's known in economics as a monopsony.
Their move had come because the elite enslavers who controlled those southern states believed that Lincoln’s election to the presidency in 1860 itself marked the end of their way of life.
The Garland Fund was not a typical foundation, but its history shows the potential role philanthropy can play in moments of rising authoritarianism—and the tensions inherent in that role.
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