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The new age of inequality and whatThe new age of inequality and what
it means for education:it means for education:
econom...
Introductory hedgesIntroductory hedges
• My perspective: future of educationMy perspective: future of education
• Caveat1:...
1.1.The macroeconomicThe macroeconomic
picturepicture
http://www.newyorker.com/news/john-cassidy/pikettys-inequality-story...
The top takes offThe top takes off
AlfredsAlfreds
The top takes offThe top takes off
Emmanuel Saez, Gabriel Zucman and Thomas Piketty (2016),Emmanuel Saez, Gabriel Zucman and Thomas Piketty (2016),
https://w...
Long-term trend:Long-term trend:
hollowing out thehollowing out the
middle classmiddle class
Causes: no consensusCauses: no consensus
 GlobalizationGlobalization
 De-industrialization, rise of serviceDe-industrial...
Causes: widespread automation?Causes: widespread automation?
Causes: widespread automation?Causes: widespread automation?
Goldin and Katz,Goldin and Katz, The Race BetweenThe Race Bet...
Changes in job typesChanges in job types
Decoupling of aDecoupling of a
DecouplingDecoupling
of incomeof income
from workfrom work
Restructuring distributionRestructuring distribution
Inflection of racismInflection of racism
Demographics starting upDemographics starting up
http://bryanalexander.orghttp://bryanalexander.org
bryan.alexander@gmail.combryan.alexander@gmail.com
http://twitter.com/b...
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Inequality in 2016 overview notes

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Notes on income inequality in 2016, American context.

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Inequality in 2016 overview notes

  1. 1. The new age of inequality and whatThe new age of inequality and what it means for education:it means for education: economics and sociologyeconomics and sociology economics and sociologyeconomics and sociology Middlebury CollegeMiddlebury College -- January 2016January 2016
  2. 2. Introductory hedgesIntroductory hedges • My perspective: future of educationMy perspective: future of education • Caveat1: some of the data isCaveat1: some of the data is controversial or provisionalcontroversial or provisional • Caveat2: narrow scope of economicCaveat2: narrow scope of economic inequalityinequality • Caveat3: narrow scope of United StatesCaveat3: narrow scope of United States
  3. 3. 1.1.The macroeconomicThe macroeconomic picturepicture http://www.newyorker.com/news/john-cassidy/pikettys-inequality-story-in-six-chartshttp://www.newyorker.com/news/john-cassidy/pikettys-inequality-story-in-six-charts
  4. 4. The top takes offThe top takes off AlfredsAlfreds
  5. 5. The top takes offThe top takes off
  6. 6. Emmanuel Saez, Gabriel Zucman and Thomas Piketty (2016),Emmanuel Saez, Gabriel Zucman and Thomas Piketty (2016), https://www.washingtonpost.com/news/wonk/wp/2016/01/06/what-top-researchershttps://www.washingtonpost.com/news/wonk/wp/2016/01/06/what-top-researchers-
  7. 7. Long-term trend:Long-term trend: hollowing out thehollowing out the middle classmiddle class
  8. 8. Causes: no consensusCauses: no consensus  GlobalizationGlobalization  De-industrialization, rise of serviceDe-industrialization, rise of service  (related) De-unionization(related) De-unionization  ““Supermanagers” (Piketty)Supermanagers” (Piketty)  Winner-take-all economy (Frank + Cook)Winner-take-all economy (Frank + Cook)  Financialization (Arrighi)Financialization (Arrighi)  Market-focused, or neoliberal ideologyMarket-focused, or neoliberal ideology
  9. 9. Causes: widespread automation?Causes: widespread automation?
  10. 10. Causes: widespread automation?Causes: widespread automation? Goldin and Katz,Goldin and Katz, The Race BetweenThe Race Between Technology and EducationTechnology and Education (2010):(2010): ““[I]f the supply of skills does not[I]f the supply of skills does not increase at the same pace as theincrease at the same pace as the needs of technology, thenneeds of technology, then groups whose training is notgroups whose training is not sufficiently advanced will earnsufficiently advanced will earn less and be relegated toless and be relegated to devalued lines of work, anddevalued lines of work, and inequality with respect to laborinequality with respect to labor will increase.” (305)will increase.” (305)
  11. 11. Changes in job typesChanges in job types
  12. 12. Decoupling of aDecoupling of a DecouplingDecoupling of incomeof income from workfrom work
  13. 13. Restructuring distributionRestructuring distribution
  14. 14. Inflection of racismInflection of racism
  15. 15. Demographics starting upDemographics starting up
  16. 16. http://bryanalexander.orghttp://bryanalexander.org bryan.alexander@gmail.combryan.alexander@gmail.com http://twitter.com/bryanalexanderhttp://twitter.com/bryanalexander

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