San Francisco has one of the most unequal distribution of incomes in the United States, according to a new study.
The richest 1 percent of the population will own more than half the world’s wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland.
The most expensive metro area in the U.S. is worse than Rwanda and Zimbabwe, and almost as bad as Guatemala and Suriname when it comes to the “haves” and the “have nots” according to San Francisco’s Human Services Agency, reviewing dozens of economic factors, including the “Gini Coefficient.”
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 18 month pilot program will allow private shuttle buses for tech companies to use a limited number of Muni stops in San Francisco.
For those at the top, the economic recovery has been robust with appreciating portfolios and rising home values, but one UC Berkeley professor says it’s a different story for the working poor.
Activist groups Monday plan to protest a San Francisco tech awards show which gives out so-called ‘Crunchies’ by holding their own version – the ‘Crappies’ – to call attention to what they say are the negative effects of the tech influx.
San Francisco officials on Monday called on the city’s private sector to promote gender equality in the workplace but also faced criticism from their own city employees for a proposal to reduce pay for public sector jobs primarily held by women and people of color.