HO HO HO….The CBO released its latest data series on income inequality yesterday (PDF here, Excel spreadsheet here), and the news was pretty much what you’d expect: the rich are still getting richer a lot faster than anyone else. I was going to make a chart showing just how much faster they were piling up the goodies than the rest of us, but I got lazy and didn’t do it. However, Matt Yglesias, who has recently decided to challenge me in the small but lucrative niche of chartblogging, has the goods here for the years 2003-2005. However, it looks pretty much the same if you look at the numbers for the past decade, or the past two decades, or the past three decades. For the rich, income is up and tax rates are down. For the rest of us, income is close to stagnant. Too bad we don’t have a whole political party to look after our welfare just like the rich folks do, eh?
More on higher education
Thriving After High School: A Foundation to Build On
A new report makes a nuanced case for what post-secondary graduates need to get ahead.
Workforce Pell’s Missing Rudder
Congress finally opened Pell Grants to short-term job training. Now states have to build the systems that can tell which programs actually work.
Once Globally Preeminent, U.S. Universities Are Sliding Into Decline
High costs, political attacks take a toll as fewer students come, top scholars leave.
Higher Ed’s Affordability Problem Isn’t Just the Price
New survey data suggests that more Americans might see the value of a degree if schools simplified their pricing systems.
