What factors explain the gender pay gap?
- The report was conducted by the investment firm Arjuna Capital, which has been publishing the Gender Pay Scorecard for the past three years.
- Only three companies — Starbucks, Mastercard and Citigroup — received an "A", as defined by the report's methodology.
- It's likely that discrimination explains part of the gender pay gap, but it's a complex issue that often gets oversimplified.
Sometimes the best way to make changes is when you're in the middle of a challenging time.
- While no one knows the future, implementing lifestyle changes now can prepare you for returning to a post-coronavirus society.
- Boredom has long been a powerful catalyst for creativity and should not be viewed in the negative.
- Spending more time in the kitchen, walking, and being more thoughtful online can be practiced right now.
Tech is rising and America's middle class is vanishing. Here's what to do.
- The rise of new technologies is making the United States more economically unequal, says Professor Ramesh Srinivasan. Americans should be pushing the current presidential candidates hard for answers on how they will bring economic security and how they will ensure that technological transitions benefit all of us.
- "We are at an inflection point when it comes to top-down control over very many different aspects of our lives through privatized corporate power over technology," says Srinivasan. Now is the time to debate solutions like basic income and worker-owned cooperatives.
- Concurrently, individuals should develop digital literacy and get educated on the potential solutions. Srinivasan recommends taking free online and open courses from universities like Stanford and MIT, and reading books and quality journalism on these issues.
The welfare state is broken. UBI is the smarter, more effective option.
- The welfare state is an ineffective and expensive system that hurts and targets the poor more than it helps. Universal basic income is a better alternative that could work.
- The question becomes, then, where would the money for UBI come from? There are a myriad of reasons why UBI via taxes would be a bad idea. Instead, we should look to socially produced capital.
- Companies rely on people to be successful, so a percentage of all shares of all companies should go into a public equity trust and the dividends should be distributed to every member of society equally.
Inequality from the Recession has a lot to do with how the government designed its response.