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If we are to address the challenge that income inequality poses to our economy, our society and to the American ideal, improving the ability of Americans to make a living through their work is crucial. The vast majority of families rely on earnings from work, but in recent decades earnings for the majority of working people have been stagnant even as the economy has grown. Consider that in 2002 median earnings among all working people in the U.S. were $33,683.



Google is working with three manufacturers to develop a sub-$100 smartphone for the Indian market this fall, getting Android software into one of the fastest-growing major mobile markets. Those "Android One" phones would come with 4.5 inch screens, dual SIM cards and FM radio, Google senior vice president Sundar Pichai told the crowd at the company's annual developers' conference on Wednesday.



Chinese e-commerce giant Alibaba Group has decided to list on the New York Stock Exchange dealing a blow to the rival Nasdaq bourse. The company, which handles more than 80 percent of online retail transactions in the world's second-largest economy, is expected to make its debut this summer in what could be the largest U.S. tech initial public offering. Alibaba could announce its decision in an amended IPO prospectus as soon as Thursday.



General Motors Co on Monday recalled 3.36 million North American cars with ignition switches that can be jarred out of the "run" position, potentially affecting power steering, power brakes and air bags. The switch issue is similar to the defect linked to at least 13 deaths in an earlier, 2.6-million vehicle recall of Chevrolet Cobalts and other small cars.