Income Inequality

Technology, globalization, and Apple

Turn over your iPhone and you can read Apple’s eight-word business plan: “Designed by Apple in California.  Assembled in China.”  Apple is the largest company in the US; it also is the most profitable.  Apple has been successfully riding the two great forces of our era—technology and globalization.  Consumers have embraced technology and globalization heavily

Inflation pinches some more than others

Few people understand the impact of inflation in their lives because it happens slowly.  When inflation is high, budgets get stretched. When wage growth is flat inflation sinks hopes.  Today, economic data suggests prices are rising very, very slowly.  Yet, surveys suggest that the average American’s daily experience with inflation may be quite different than