New Data Shows Sharp Spike in US Income Inequality

The CBO report, “Trends in the Distribution of Household Income Between 1979 and 2007″, found that

After-tax income for the highest-income households grew more than it did for any other group. (After-tax income is income after federal taxes have been deducted and government transfers—which are payments to people through such programs as Social Click to Read More

How Seattle Transformed Itself Using Human Capital & The UW

Edward Glaeser uses his NY Times Economix blog to make a fascinating case for the recent transformation of Seattle’s economy chiefly via the consolidation of human capital–a largely local and spatial argument for economic success in a global economy. Citing the UW (along with Microsoft, Starbuck’s, Amazon, etc) as key drivers of the local Click to Read More