Saturday Vids: Income Inequality and HOPE Credit Union
I’m currently taking a sociology class called “Perspectives on Inequality” and the first major issue we’ve addressed is the current state of income inequality in the United States. The U.S. is the most wealth-unequal country in the world and it’s an issue that’s getting worse over time. For instance, incomes of the bottom 90% of Americans grew only $59 (adjusted for inflation) from 1966 to 2011, while incomes for the top 10% rose by $116,071 (more stats can be found here). It’s also no secret that income inequality — while a serious issue for American society at large — is also undeniably gendered.
Luckily, there are some people out there trying to address this problem: like William Bynum and the HOPE Credit Union, which “empowers communities with member-owned …
There are a couple of recent studies that may not be causal factors of one another, but their relationship is hard to ignore: women are more satisfied than men with the success of businesses that they start, and women tend to start businesses for social and environmental change, rather than money being the ultimate goal.
91% of women who owned small businesses felt their ventures were currently successful, as opposed to 80% of men – despite women being less confident about the state of the American economy. Business is all about enriching the flow of economy, and exchanging goods, services, and capital – but it’s undeniable that our physical world and its people are suffering. Being an entrepreneur doesn’t have to mean …
Saturday Vids: The Truth About The Economy In 2 Minutes
We all know that the economy is screwed right now. There's no way to exist in this country and be unaware of that fact. But do any of us really understand why? I know I didn't until I watched this video, in which former Labor Secretary Robert Reich simplified the hell out of it. It's definitely worth watching - now, when the topic of the economy comes up, I can talk semi-intelligently about what's going on (mehhhh just barely, but still).
It seems like you can’t turn on the news anymore without hearing about the disastrous pit of doom that is our economy. As often happens when people find themselves in a situation they have little control over, the blame game is in full force, and at the end of the pointing fingers there always seems to be a white man from Wall Street. It seems we are in unanimous agreement that the way the financial industry is run in our country, and in the world, needs to change. Sara K. Gould, president of the Ms. Foundation since 2004, and the founder of the Collaborative Fund for Women’s Economic Development (a program that supports female entrepreneurship) has a few ideas about improving economic wellbeing.