New US Census Bureau data shows that while the median household income for the United States (and 14 states within the USA) increased a bit from 2017 to 2018, "income inequality was significantly higher during the same period for the nation and nine states…. Maryland ($83,242) was among the states with the highest median household income and West Virginia ($44,097) was among the lowest."
More data and an interactive version of the map: "2018 Median Household Income in the United States" (Census.gov)
Behind the sensationalist headlines about the largest pullback in US history, there's a lot of nuance and complexity, but the overall message is clear: the US economy is in big big trouble, especially the services sector. Economics Explained takes a deep dive and asks the question: is this the end of an empire?.
3.8m workers signed on for the first time last week, bringing America's unemployed headcount to 30m. The number of new filers was down from 4.4m last week, a slow dropoff that suggests layoffs will continue at an unprecedented scale for weeks to come. Roughly 30.3 million people have now filed for jobless aid in the […]
I'm a huge fan of GiveDirectly, who does tremendous work with direct cash transfers for people in poverty — essentially, micro-scale experiments in Universal Basic Income, with long-term data impact studies. As they describe themselves: GiveDirectly is the first — and largest — nonprofit that lets donors like you send money directly to the world's poorest. […]
Even as the world takes tentative steps toward reopening against the ebbs and flows of COVID-19, movie theaters remain in a netherworld limbo. High-profile film releases continue shuffling as theater chains, studios and filmgoers grapple with the fact that an enclosed theater may not be a safe place to be for some time to come. […]
The year 2020 has basically kicked down that door and dragged us all into the Zoom age, whether we like it or not. And now that we're basically inviting our boss, co-workers and other business associates into our homes via video, we've unwittingly stumbled into all kinds of new potential for embarrassment. Like when you're […]
One million Americans use American Sign Language as their primary means of communication. But as you'd expect, even though ASL is the sixth-most used language in the US, it isn't just any old language like English or Spanish or French. According to Communication Service for the Deaf, 98 percent of Deaf people don't receive education […]