Economic Inequality

Economic Inequality: What It Is and How It Impacts You

It's nearly impossible to read the news these days without running across mentions of economic inequality. In recent months, politicians have debated the merits of raising marginal tax rates on the wealthy, a move proponents say could reduce economic inequalities. Likewise, economic inequality takes center stage when columnists discuss the extreme riches of some of today's business

Londa Schiebinger: Why does gender matter?

Conventional seat belts do not fit pregnant women properly and motor vehicle crashes are the leading cause of fetal death related to maternal trauma. Analyses of sex differences have led to the development of pregnant crash test dummies that enhance safety in automobile testing and design. In medicine, osteoporosis has been conceptualized primarily as a

2019-03-13T10:46:49-05:00Tags: |

U.N. Rights Chief Warns Of Threats From Inequality

Income inequality and disparities in access to resources are factors that pose serious threats to human rights across the globe and have already sparked violent protests in some countries, a top United Nations official said Wednesday. Speaking in Geneva, U.N. High Commissioner for Human Rights Michelle Bachelet referred to recent protests in Sudan, Haiti and

2019-03-09T14:59:35-05:00Tags: |

The New Monopoly

Market concentration, the economist’s term for how much an industry is dominated by one or a few firms, touches ever more aspects of American life. From the obvious (the Amazons and Walmarts of the retail economy) to the obscure (the beer industry, which may appear diverse, is dominated by two firms), market concentration has increased

2019-03-02T08:49:00-05:00Tags: |

Greater Inequality Will Make India More Vulnerable..

The 2018 Environmental Performance Indicators and the 2018 Global Climate Risk Index together make a distressing argument: that India’s ‘environmental performance’ is the third worst among 180 countries even as it is the 14th most vulnerable to the effects of climate change. Many of these effects have already assailed different parts of the country, including heavy rains,

2019-02-26T08:25:30-05:00Tags: |

Why are out-of-work men so unhappy in the US?

We are in an era of progress paradoxes. Unprecedented gains in technological innovation, poverty reduction, and life expectancy around the world coexist with persistent poverty traps in the poorest countries and increasing inequality and anomie in some of the wealthiest ones. In the U.S., one of the wealthiest countries, we see booming stock markets and

2019-02-25T07:39:06-05:00Tags: |

Why cities aren’t working for the working class

MIT economist David Autor made news in January, when he delivered the prestigious Richard T. Ely Lecture at the annual meeting of the American Economic Association and presented an attention-grabbing finding about the U.S. economy. Cities no longer provide an abundance of middle-skill jobs for workers without college degrees, he announced, based on his own

2019-02-25T02:43:32-05:00Tags: |

Women scarce in the one percent

A growing body of research documents the importance of studying households in the top one percent of U.S. income distribution because they control enormous resources. However, little is known about whose income—men’s or women’s—is primarily responsible for pushing households into the one percent and whether women have individual pathways to earning one percent status based

2019-02-22T07:15:11-05:00Tags: |

Income inequality is rising so fast our data can’t keep up

Wages at the top of the income distribution continue to rise much more rapidly than wages for everyone else, according to an analysis of the latest federal data by the Economic Policy Institute, a progressive think tank. But the data are just as notable for what they don’t say, according to the report by EPI economist Elise Gould.

Here’s How Much America’s Rising Income Inequality Is Costing Social Security

Just a few weeks into the 116th Congress, Democrats’ takeover of the House of Representatives has already exposed the huge gulf between what American voters want and what the previous House leadership and the Trump administration have thrust upon them in recent years. Congressional Democrats’ bold agenda—such as higher taxes on the rich, universal health care, and expanding Social Security—has

Income inequality: firms have been reducing profit-sharing with workers

Stagnating real wages and falling labour shares across developed economies have stimulated a renewed interest in the question of how, and to what extent, rents are shared with labour. Nicholas Kaldor’s (1957) long-held stylised fact that the fraction of national income going to labour is fixed has been questioned, for instance, by Karabarbounis and Neiman (2014), who show

Why income inequality is bad for the climate

In recent decades, income inequality has increased in almost all OECD countries. The average income of the richest 10% of the population today is about nine times as high as the average income of the poorest 10%. Twenty-five years ago, it was seven times as high. While overall prosperity has increased in recent decades, growth

How the 1% profit off of racial economic inequality

An economy that’s rigged to benefit the richest 1% has left most of America behind. While wages for workers have remained flat for decades, expenses for healthcare, housing, and most basic needs have risen. Alongside record concentrations of income and wealth at the top, America’s racial wealth divide has persisted – or worsened. As people

Can worker participation on corporate boards fight income inequality?

The issue of income inequality is front and center in the American conversation. A recent poll showed 66 percent of Americans agree that money and wealth should be more evenly distributed in the United States. Instead, the rich are getting richer and wealth gap is increasing. As the run-up to the 2020 election begins, there is one

The UK’s poverty rate is around average for the EU

This viral tweet from the Spectator Index (which is in no way linked to the Spectator magazine) ranks the poverty rate of a number of different countries in Europe. But it’s incorrect to suggest that the UK’s poverty rate is higher than other European countries like Spain, Greece, and Italy as the tweet does. That’s

2019-01-10T07:41:30-05:00Tags: |

Touching lives with sustainable banking

World Bank data indicates that global poverty rate is declining. But in sub-Saharan Africa, the number of those living in extreme poverty keeps rising. The Nigerian Sustainability Business Principles (NSBP), which was established to reverse the trend and bring better life to Africans, has brought stakeholders in the financial sector together to enhance economic growth

2019-01-01T06:57:44-05:00Tags: |

City Governments Should Focus On Opportunity, Not Income Inequality

The common belief today is that income inequality has exploded—the rich are getting richer while the incomes of the middle class and poor stagnate. But a new study from the Urban Institute reviews several studies on income inequality and finds that this perception is not accurate. Unfortunately, earlier incomplete studies have influenced several state and local governments,

Income Inequality Has Soared The Most In These 101 U.S. Cities

Income inequality is a worsening issue in the United States in recent decades. As several experts have pointed out, including  Professor Robert J. Gordon, author of "The Rise and Fall of American Growth," income inequality has substantially increased since the mid-1970s. Over the course of the 2000s, the level of inequality accelerated, and recently the Economic

The Roots of Economic Inequality

The United States is divided by wealth and social class, and the gap is widening. In 1980, according to the World Inequality Report, the richest 10% of the population held just under 35% of national income; by 2016, that share had risen to around 47%. As wealth disparities have widened, so have differences in outcomes.

After The Fall: Income Inequality and the Great Recession

If there’s any point of agreement amongst the many ten-year anniversary eulogies of the 2008 recession, it is that at some point the crisis ended. The nearly nine million jobs that were lost in the crisis are just as cemented in the history as the most popular phone at the time — the Motorola RAZR. Disagreements remain on the