Why is the U.S. One of the Most Unequal Countries on the Planet?

One key factor is a fundamental shift in nature of the economy.

Steve Denning’s Forbes article, “Roger Martin: How ‘The Talent’ Turned Into Vampires” also sheds light on why we need to rethink our education paradigms:
How did America—a country dedicated to the proposition that all men are created equal—become one of the most unequal countries on the planet? Why do the nation’s leaders now spend so much of their time feeding at the trough and getting ever more for themselves? Why has public-mindedness in our leaders given way in so many instances to limitless greed?
These questions are being raised, not in some anti-capitalist rag from the extreme Left, but in the staid pro-business pages of the Harvard Business Review, in a seminal article by Roger Martin, the former dean of the Rotman School of Business and the academic director of the Martin Prosperity Institute: “The Rise and (Likely) Fall of the Talent Economy.
One key factor, argues Martin, is a fundamental shift in nature of the economy. Fifty years ago, “72% of the top 50 U.S. companies by market capitalization still owed their positions to the control and exploitation of natural resources.” But in the latter part of the 20th century, a new kind of organization began to emerge: an organization that prospered not by natural resources but through “the control and exploitation of human talent.”
“By 2013 more than half of the top 50 companies were talent-based, including three of the four biggest: Apple, Microsoft, and Google. (The other one was ExxonMobil.) Only 10 owed their position on the list to the ownership of resources. Over the past 50 years the U.S. economy has shifted from financing the exploitation of natural resources to making the most of human talent.”
This inequality is also addressed in a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, by Peter Temin, an economist from MIT. Temin argues that, following decades of growing inequality, America is now left with what is more or less a two-class system: One small, predominantly white upper class that wields a disproportionate share of money, power, and political influence and a much larger, minority-heavy (but still mostly white) lower class that is all too frequently subject to the first group’s whims.

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New Rochelle Good Jobs First

“Localities spend tens of billions of dollars annually on subsidies, yet most make it difficult for residents to learn which companies receive that assistance,” said the report’s author, Good Jobs First research Analyst Kasia Tarczynska. “And even fewer provide information on the effectiveness of the awards.”
Discover Where Corporations are Getting Taxpayer Assistance Across the United States
SUBSIDY TRACKER 3.0 is the first national search engine for economic development subsidies and other forms of government financial assistance to business.

New Rochelle Good Jobs First

New Rochelle Subsidies: https://goo.gl/MzO17S

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Mount Vernon Magazine: Digital Ads Suck & Google is an Old Business

The new model of advertising and branding demands that companies improve public life and satisfy the needs of our higher sacred selves.

Mount Vernon Magazine

Click the image above for a rough draft of Mount Vernon Magazine.

ChartOfTheDay_709_Google_s_ad_revenue_since_2004_n
Ad Spending

Google has more revenue than all U.S. print newspapers and magazines combined.
Yet direct mail is still the biggest single direct marketing channel, worth around $45 billion a year in the US alone. But it’s increasingly clear that printed marketing communications work best when used in conjunction with digital channels such as email, personalized web pages (PURLs), database marketing, and mobile elements.

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Local Empowerment is the Key to Dealing with Trump

How did America—a country dedicated to the proposition that all people are created equal—become one of the most unequal countries on the planet?
Results of the 2016 presidential election by county.

Results of the 2016 presidential election by county. (Source: Flickr)

In the modern era of presidential politics, Hillary Clinton won the popular vote by a bigger margin than any other candidate that lost the electoral college. Donald Trump won the presidency by 74 electoral votes while losing the nationwide vote to Clinton by 2.6 million votes and counting.
But there’s another divide exposed by the election, which researchers at the Brookings Institution recently discovered as they sifted the election returns. It has no bearing on the election outcome, but it tells us something important about the state of the country and its politics moving forward.

Donald Trump - Time Person of the Year

The divide is economic, and it is massive. According to the Brookings analysis, the less-than-500 counties that Clinton won nationwide combined to generate 64 percent of America’s economic activity in 2015. The more-than-2,600 counties that Trump won combined to generate 36 percent of the country’s economic activity last year.
Clinton, in other words, carried nearly two-thirds of the American economy.

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Seven Magazine: If Black People Are To Be Free

A study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income Black households spent only $1 of every $10 at Black-owned stores and other enterprises.

Dr. Martin Luther King, Jr and Malcolm X

According to the Census Bureau, African-Americans are 13.2 percent of the population of the United States, which comes to about 42 million people. Research by the Economic Policy Institute found that 51.3 percent of young Black high school graduates are underemployed. Yet, a recent report by Nielsen and Essence estimates that Black buying power will reach $1.3 trillion in the next few years. If we were talking about countries, that would be the 16th biggest economy in the world.

Black Buying Power

According to a New York Times article about Maggie Anderson, the author of Our Black Year, a study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income Black households spent only $1 of every $10 at Black-owned stores and other enterprises. Yet only a tiny fraction of Black buying power is spent at Black-owned businesses.

Maggie Anderson

Don’t just say that Black unemployment is four times that of Whites. Say that Black businesses only get 2 percent of the $1 trillion of Black buying power, and then say that Black businesses are the greatest private employer of Black people.

~ Maggie Anderson

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Seven AR Mobile App

A study by the Kellogg School of Management at Northwestern University found that between half a million and a million jobs could be created if higher-income Black households spent only $1 of every $10 at Black-owned stores and other enterprises.

Black-owned restaurants in Harlem

The hottest craze a few months ago was Pokémon Go. At one time it topped Twitter’s daily users, and it saw people spending more time in its app than in Facebook.

Pokemon Go

Pokémon Go is an example of augmented reality (AR). Instead of using Pokémon (pocket monsters), we are developing an augmented reality game that uses similar game mechanics but with themes involving Black-owned businesses.

Pokémon Go has quickly become one of the most viral mobile applications of all time. The game is now the biggest ever in the U.S.; it has now topped Twitter’s daily users, and it sees people spending more time in its app than in Facebook, according to reports from various tracking firms.

Daily time spent in Pokemon GO

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Fundraiser to Reverse Climate Change, Diabetes, and Unemployment

We are having a t-shirt fundraiser to reverse Climate Change, Diabetes, and Unemployment with our Prayer Breakfast and Genius Farm.
Our t-shirt design

Pieta t-shirt

By local artist and librarian Roxanne Mapp

Roxanne Mapp

Don’t try to interpret faith in terms of science and logic. Religious imagery is telling you what is becoming.

"Miracles happen" ~ Pope Francis

“And all things you ask in prayer, believing, you will receive.”
Matthew 21:22
Our t-shirts are:
  • Grown in the USA
  • Certified organic cotton
  • Made in the Carolinas
  • Transparent supply chain
  • Water-based inks
  • Environmentally-friendly print process
  • Medium weight: 5.4 oz
Be proud each and every day you wear your tee knowing that your purchase supports more than 500 American jobs! Since it’s made from super-comfortable ringspun cotton, you’ll want to wear it every day. And because it’s made from a medium weight (5.4 oz) fabric that’s constructed for durability, you can actually wear it every day without it showing signs of wear.
Ask, and it will be given to you;
Seek, and you will find;
Knock, and it will be opened to you.
~ Matthew 7:7

Seven Magazine - A R Bernard

Click, and it will be opened to you.
Click the image above or below for a rough draft of Seven Magazine.

T-shirt fundraiser
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