Author: TheConversation

By Jimmie Lenz, Clinical Assistant Professor of Finance, University of South Carolina It used to be that everyone wanted to buy a home, seeking pleasure and security, as well as the potential for future wealth. But younger Americans are buying homes far less often than their elder generations did, and that puts a large sector of the U.S. economy at risk. Millennial home ownership levels are dramatically lower than the those of previous generations at a similar age. In 1985, 45.5% of 25- to 34-year-olds owned homes in the U.S. By 2015, this had fallen about 25%. Since the...

By Christine Van Winkle, Professor at University of Manitoba For many communities, summertime is festival season. Festivals allow us to escape our everyday lives. Whether it is time spent listening to music outside with our friends or trying out food trucks on date night, community events are a valued part of social life. As many people head to their favourite festival they will do so with their mobile phone safely tucked into their pocket. But what most people don’t consider is how this will impact their experience — for better or worse. We’ve come to accept mobile devices as...

By Michael Klein, Professor of International Economic Affairs, Fletcher School, Tufts University The latest jobs report showed a lackluster gain in jobs in May that was worse than economists had predicted. While the sudden slowdown in jobs growth after many months of strong numbers is worrying and signals a weakening economy, a more long-term concern is the persistently low labor force participation rate that has not recovered in the decade since the onset of the Great Recession. I have been studying labor market issues for over much of my 30 year career as an economist. Let me explain why...

By Susan R. Crandall, Director, Center for Social Policy, University of Massachusetts Boston Forty percent of all working-age Americans sometimes struggle to pay their monthly bills. There is no place in the country where a family supported by one minimum-wage worker with a full-time job can live and afford a 2-bedroom apartment at the average fair-market rent. Given the pressure to earn enough to make ends meet, you would think that low-paid workers would be clamoring for raises. But this is not always the case. Because so many American jobs don’t earn enough to pay for food, housing and...

By Dudley Poston, Professor of Sociology, Texas A&M University For years, the official motto of the District of Columbia has been “Taxation without representation.” The residents of Washington, D.C. do not have representation in the U.S. House or in the Senate. People who live in the district, on average, pay higher federal and local taxes, but they have no say about how their tax dollars are spent, and no vote on issues such as health care, Social Security and foreign policy. As a sociologist researching demographic and political behavior, I do not think that this is fair. On May...

By Stephen Groening, Assistant Professor of Cinema and Media Studies, University of Washington Seventy years ago, Eric Blair, writing under a pseudonym George Orwell, published “1984,” now generally considered a classic of dystopian fiction. The novel tells the story of Winston Smith, a hapless middle-aged bureaucrat who lives in Oceania, where he is governed by constant surveillance. Even though there are no laws, there is a police force, the “Thought Police,” and the constant reminders, on posters, that “Big Brother Is Watching You.” Smith works at the Ministry of Truth, and his job is to rewrite the reports in...