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Inequality, Opportunity, and What It Will Take to Get Less of the Former and More of the Latter

Inequality, Opportunity, and What It Will Take to Get Less of the Former and More of the Latter. Jared Bernstein CBPP Seattle, WA Washington State Budget and Policy Center 12/12/13. Current Events: Where Are We, Economy-Wise?. Getting better doesn’t mean you’re healed.

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Inequality, Opportunity, and What It Will Take to Get Less of the Former and More of the Latter

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  1. Inequality, Opportunity, and What It Will Take to Get Less of the Former and More of the Latter Jared Bernstein CBPP Seattle, WA Washington State Budget and Policy Center 12/12/13

  2. Current Events: Where Are We, Economy-Wise? • Getting better doesn’t mean you’re healed. • Just who’s economy you talkin’ about? • Recent employment trends, the good, the less good • Washington State and the nation: lots of similarities by one very conspicuous difference (i.e., tax revenues)

  3. Sources: BES, S&P, Sentier Research

  4. Source: SCF

  5. What’s Wrong • Slack Labor Markets • Structural inequality feeds into: • Diminished opportunity • Dysfunctional politics • Macro-economic problems (bubble, bust, repeat) • Facts versus ideology, truthiness, “think tanks” for hire, etc. • Austerity, “Deficit Attention Disorder”

  6. Real Median Income, Working Age HHs Source: Census Bureau

  7. What’s Right • Seatac Min Wg Victory: You go, Seattle! • Is it “outside the sample?” Yes…About time someone got outside the sample. • Recognition of inequality, opportunity linkages • Disgust with dysfunction • Demographic, racial, ethnic pressures: social insurance, politics, immigration reform. • Divergent quality of the analysis: He said, she said…but “she” can’t be trusted!

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