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The William T. Grant Foundation was established in 1936, originally as the Grant Foundation, by American businessman and philanthropist William Thomas Grant. In 1938, the Foundation funded its first major research project, the Grant Study at Harvard University , in which some of the subjects were followed for over 75 years. [ 4 ]
He retired from both the W. T. Grant Company and the Grant Foundation at age 90, yet still served in an honorary capacity until his death in 1972 in Greenwich, CT at age 96. By that time his nationwide empire of W. T. Grant Co. (Grants) and Grant City stores had grown to almost 1,200, although the company failed in 1975 and was soon liquidated.
Inequality for All is a 2013 documentary film directed by Jacob Kornbluth and narrated by American economist, author and professor Robert Reich.Based on Reich's 2010 book Aftershock: The Next Economy and America's Future, the film examines widening income inequality in the United States.
Inequality increased influence by the rich on the regulatory, legislative and electoral processes. [155] McCarty, Pool and Rosenthal wrote in 2007 that Republicans had then moved away from redistributive policies that would reduce income inequality, whereas earlier, they had supported redistributive policies such as the EITC.
It wasn't until 2006 that the US imported more manufactured goods from low-wage (developing) countries than from high-wage (advanced) economies. [28] Inequality increased during the 2000–2010 decade not because of stagnating wages for less-skilled workers, but because of accelerating incomes of the top 0.1%. [27]
A 2022 study in the American Economic Journal found that greater economic inequality in the United States than in Europe was not because of the nature of tax and transfer systems in the United States. The study found that the U.S. redistributes a greater share of its wealth to the bottom half of the income distribution than any European country.
In economics, the Gini coefficient (/ ˈ dʒ iː n i / JEE-nee), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [2] within a nation or a social group.
A pro-marriage equality rally in San Francisco, US Equality symbolSocial equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services.