A Silicon Valley economic research institute said that income inequality in the Bay Area is now more severe than in the rest of the nation, according to a Silicon Valley economic research institute.
While fast food workers across the country and San Francisco are demanding restaurant chains pay them a $28,000 yearly salary, one Seattle CEO is taking matters into his own hands to fight income inequality.
Study Shows Rising Income Inequality Slows Tax Revenue Growth In California, Prompting Higher Tax Rate
SACRAMENTO (AP) — Rising income inequality has led to slowing tax revenue growth in California, but the state has responded by increasing its top marginal tax rate, causing its growth rate to accelerate after 2009, […]
California state senator Mark DeSaulnier, speaking with KPIX 5’s Phil Matier on Sunday, defended a proposed bill which would punish corporations that pay their chief executives more than a hundred times the median wage of their workers.
The latest income data shows that about 20 percent of the Bay Area lives in poverty and that figure is rising while local home prices, the stock market, and the incomes of the very rich are soaring to record levels.