This is the first post in a series exploring class divides across America's largest cities and metros. Social class, an inescapable presence in American life, influences almost every aspect of our culture. It is inscribed on our very geography. Although our cities are more than ever our most powerful economic engines, they also are becoming more divided along class lines, creating distinct experiences within a given city.
I know that’ll come as an absolute stunner, huh? Not really. Regulation costs money. It costs money for compliance enforcement, which comes from taxes, and it costs companies money for compliance in the form of higher costs – costs that are passed on to consumers.
So? So – from the Mercatus Center at George Mason University, find out:
It has long been our underlying thesis that the huge amount of household debt accumulated during the housing boom would inhibit consumer spending and economic growth for some time to come, and this is what has been happening over the last few years. The errors recently found in the famous Rogoff-Reinhart (RR) book do not change this view.
Today, the U.S. Census Bureau released their report on Income, Poverty, and Health Insurance Coverage in the United States in 2011. As we continue to fight back from the worst economic crisis since
the Great Depression, the Income, Poverty and Health Insurance Coverage report
released today provides further evidence of how critical it is that we
implement policies that benefit and create security for struggling families and
our middle class—and not just the wealthiest Americans.
Today’s report shows that while too many American families are
still struggling, the nation’s poverty rate fell and the percentage of
Americans with health insurance coverage rose in 2011. It is clear that
had President Obama not taken swift and aggressive action to grow our economy
and create jobs, today’s report would have shown much higher poverty rates,
lower incomes, and a greater share of the population without health
Though our poverty rate remains unacceptably high, this report
shows that the poverty rate ticked down in 2011 after rising for several years
in the wake of the Great Recession. Poverty fell for all age groups,
including children, elderly, and non-elderly adults. A key reason for this
decline was that 2.2 million more people had full-time jobs last year, in part
because unemployment fell by 0.9 percentage points from December 2010 to
December 2011. Government programs also continued to provide a vital safety