Income Inequality and Economic Mobility, and More from CRS
Income inequality in the United States is more pronounced than in other developed countries, a new report from the Congressional Research Service finds, while the possibility of economic mobility is more constrained than commonly believed.
“Based on the limited data that are comparable across nations, the U.S. income distribution appears to be among the most uneven of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of inequality.”
“Americans may be less concerned about inequality in the distribution of income at any given point in time partly because of a belief that everyone has an equal opportunity to move up the income ladder. A review of the literature suggests that Americans’ perceptions about their likelihood of changing position in the income distribution may be exaggerated,” the CRS report said.
“It… appears that going from rags to riches is relatively rare; that is, where one starts in the income distribution greatly influences where one ends up.” See The U.S. Income Distribution and Mobility: Trends and International Comparisons, March 7, 2012.
Other new and updated CRS reports that Congress has withheld from direct public access include the following.
Changing the Federal Reserve’s Mandate: An Economic Analysis, March 13, 2012
Cybersecurity: Cyber Crime Protection Security Act (S.2111) — A Legal Analysis, March 12, 2012
Change in the Middle East: Implications for U.S. Policy, March 7, 2012
U.S. Foreign Aid to Israel, March 12, 2012
Cuba: Issues for the 112th Congress, February 24, 2012
Europe’s Energy Security: Options and Challenges to Natural Gas Supply Diversification, March 13, 2012
As the United States continues nuclear modernization on all legs of its nuclear triad through the creation of new variants of warheads, missiles, and delivery platforms, examining the effects of nuclear weapons production on the public is ever more pressing.
“The first rule of government transformation is: there are a lot of rules. And there should be-ish. But we don’t need to wait for permission to rewrite them. Let’s go fix and build some things and show how it’s done.”
To better understand what might drive the way we live, learn, and work in 2050, we’re asking the community to share their expertise and thoughts about how key factors like research and development infrastructure and automation will shape the trajectory of the ecosystem.
Recognizing the power of the national transportation infrastructure expert community and its distributed expertise, ARPA-I took a different route that would instead bring the full collective brainpower to bear around appropriately ambitious ideas.