joi, 13 iunie 2013

Rock and Roll Economics

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Rock and Roll Economics

Chairman of the Council of Economic Advisers Alan Krueger was at the Rock and Roll Hall of Fame last night to talk about what it's going to take to strengthen the middle class in the United States. 

It might come as a surprise, but rock and roll has more to say about wealth inequality than you might think, as he explained last night. One big theme of Krueger's speech was that children born into countries with higher levels of income inequality are less likely to move up from one income bracket to another later in life -- it's called The Gatsby Curve. 

Learn more about that here or check out the whole speech here.

The Great Gatsby Curve illustrates the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parents.

The Great Gatsby Curve illustrates the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parents.

 
 
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What is The Great Gatsby Curve?

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  Today's Schedule

All times are Eastern Standard Time (EST)

12:05 AM: The President arrives Joint Base Andrews

12:20 AM: The President arrives the White House

11:00 AM: The President and the Vice President receive the Presidential Daily Briefing

11:40 AM: The President meets with Congressman John Dingell

12:15 PM: Press Briefing by Press Secretary Jay Carney WATCH LIVE

4:45 PM: The Vice President attends a reception honoring Representative John Dingell

5:05 PM: President Obama Speaks at the LGBT Pride Month Celebration WATCH LIVE

7:00 PM: The Vice President attends an event for the Democratic National Committee

 

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