Last night's State of the Union speech was all about the American perspective. President Obama focused on income inequality, wages, jobs, and the U.S. middle class. Marketplace looks at how the speech is being received in the rest of the world.
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Last night in his State of the Union address, President Obama touched on several economic themes, including jobs, the middle class, health care, and something he has been talking quite a bit about recently -- income inequality. Sheldon Danziger, president of the Russell Sage Foundation, a progressive think tank, spoke to Marketplace's Lizzie O'Leary about the president's goals and the wide income disparity between the rich and the poor in the United States.
On raising the minimum wage, Danziger said this:
“The minimum wage is lower than it was in the late 1960s, if one adjusts for inflation. I also like that he referred to an employer in Minnesota who raised the wages of his workers. And it would be great if a large corporation like Wal-Mart voluntarily raised their minimum wage.”
On whether the government has a role in correcting income inequality:
“We actually have pretty good evidence that if government does not do much, inequality increases. The best example of that is since the recession ended, the stock market is back to close to all-time highs, yet wages have not budged for the median worker. So we have strong evidence that economic growth is not trickling down to the poor or even the middle class.”
To hear the interview, click the audio player above.
The city of Atlanta is in the middle of a giant two-day snow and ice storm that has left kids stranded at school, people in makeshift shelters, and commuters trying to get to or from work stuck on the roads in miles-long gridlock.
LaTeefa Dancey-Gray, a cardiac monitor technician, was among those who were trying to get to work yesterday evening while on her way to work the 7pm to 7am graveyard shift. She pulled out of her driveway at 5pm to get to work, and between 8-9pm her car came to complete standstill. Traffic didn’t move again until 5:30 this morning. Dancey-Gray joined Marketplace's Lizzie O'Leary from her car to talk about the situation. Click the audio player above to hear the interview
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Video of One Giant Bite: Woman with Quadriplegia Feeds Herself Chocolate Using Mind-Controlled Robot Arm
Dr. Michael Boninger, from the Department of Physical Medicine & Rehabilitation at the University of Pittsburgh Medical Center, tells Marketplace Tech host Ben Johnson about bioengineering and using brain signals to control exoskeletons and prosthetics.
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