Poverty and Prosperity

//Poverty and Prosperity

Nearly half of global wages received by top 10%, survey finds

Nearly half of all global pay is scooped up by only 10% of workers, according to the International Labour Organization, while the lowest-paid 50% receive only 6.4%. The lowest-paid 20% – about 650 million workers – get less than 1% of total pay, a figure that has barely moved in 13 years, ILO analysis found. It

Cocoa farm workers aren’t reaping the benefits

Long before it hits supermarket shelves, cocoa passes through dozens, if not hundreds, of hands—many of which belong to the laborers that harvest and hack the beans from their large, leathery pods. For years, members of the cocoa industry in Côte d’Ivoire (Ivory Coast)—the world’s leading producer of this product—have been partnering with Fairtrade International,

2019-07-02T07:51:47-05:00Tags: |

Skill Development: How CEOs Can Tackle Income Inequality

The rapid growth in income inequality in America over the past decade is alarming. It threatens our economic and social stability. The income disparity between the top rung and the bottom rung is stark and getting worse. The wealth disparity is even more pronounced. The plight of average Americans will erode trust in capitalism unless

10 Inequality Takeaways from the Democratic Debates

The Democratic primary debates have officially begun. And as the candidates shared a stage for the first time, it was clear that serious contenders needed to not only acknowledge our country’s extreme economic inequality but also put forward concrete plans for tackling the problem. How much has the conversation changed since the last presidential election?

The Gap Between Rich And Poor Americans’ Health Is Widening

Income inequality in the U.S. has grown over the past several decades. And as the gap between rich and poor yawns, so does the gap in their health, according to a study published in JAMA Network Open Friday. The study drew from annual health survey data collected by the Centers for Disease Control and Prevention from 1993 to 2017,

Bad news for the world’s poorest

The global economic mood is souring. At their meeting in Fukuoka, Japan, earlier this month, G20 finance ministers and central bank governors warned that economic growth remains weak, with risks still tilted to the downside. Just a few days before that gathering, the World Bank had lowered its 2019 global growth forecast to 2.6% – the lowest rate in

Billionaires from George Soros to Abigail Disney are begging to be taxed more

Calls for a wealth tax have high support among Americans — including some ultra-wealthy Americans. In an open letter to 2020 presidential candidates published Monday, a group of ultra-wealthy Americans including George Soros, Abigail Disney and members of the Pritzker and Gund families expressed their support for a moderate wealth tax on the 1%. "America

World faces ‘climate apartheid’ risk, 120 more million in poverty

Climate change “threatens to undo the last 50 years” of development, global health and poverty reduction, a United Nations expert said on Tuesday, citing the risk of a new era of “climate apartheid” where the rich buy their way out of rising heat and hunger. “Even if current targets are met, tens of millions will

Promoting Prosperity

View Lant Pritchett's, Research Director at Research on Improving Systems of Education (RISE), presentation on reducing global poverty. Countering the intuitive notion that poverty reduction is about finding and implementing effective programmes for the poor, his slides show how broad-based increases in economic productivity that create prosperity are in fact the only route to the

2019-06-27T11:34:55-05:00

More than half of the world’s poor are children

As global leaders prepare to discuss progress in achieving the Sustainable Development Goals at the U.N. High Level Policy Forum (HLPF) in early July, the holy grail of the agenda—eradicating extreme poverty—may well seem elusive and complex. On the one hand, there is much to celebrate: Since 2016, according to the World Poverty Clock, the ranks of Earth’s

5 ways to fight wealth inequality, according to economists

The rise of income inequality and the struggles of so many families to get ahead have shaken American politics across the spectrum. President Donald Trump invokes the plight of “the forgotten people.” Liberals call for massive new government programs. Wall Street titan Jamie Dimon proposes “a Marshall Plan for America.” Ideological conservatives warn of a

Persistent poverty endangers health in 20% of UK children

A recent study shows that one in five children in the UK have a higher risk of developing adolescent mental health disorders or physical illness because of persistent poverty. This alarming scenario comes from a new paper published in the Archives of Disease in Childhood. In 2016-17, about 4.1 million children, or 30%, in the

2019-06-23T07:57:32-05:00Tags: |

Parents, students and the vortex of Moroccan private education

In the last decade, privatization politics has concerned many educational institutions in Morocco. However, in the 1980s and 1990s private education was tolerated only at the high school level and was used at a very small percentage of schools. The mainstream opinion in Morocco was that private schools were destined mostly to provide expelled students

Nearly Every U.S. County Lacks Enough Affordable Housing

The National Low Income Housing Coalition (NLIHC) released its 2019 Out of Reach report today. The report concluded that a full-time worker needs to earn an hourly wage of $22.96 on average to afford a modest, two-bedroom rental home in the U.S. This Housing Wage for a two-bedroom home is $15.71 higher than the federal minimum wage

Economic inequality: What’s new?

"I’m a capitalist, and even I think capitalism is broken,” said Ray Dalio, the founder of Bridgewater, one of the largest private investment funds in the world. According to Forbes, Dalio ranks 60th on the list of richest people on the planet. “I believe that all good things taken to an extreme become self-destructive and that everything

Better Schools Won’t Fix America

Long ago, I was captivated by a seductively intuitive idea, one many of my wealthy friends still subscribe to: that both poverty and rising inequality are largely consequences of America’s failing education system. Fix that, I believed, and we could cure much of what ails America. This belief system, which I have come to think

‘Socialism for the rich’: the evils of bad economics

In most rich countries, inequality is rising, and has been rising for some time. Many people believe this is a problem, but, equally, many think there’s not much we can do about it. After all, the argument goes, globalisation and new technology have created an economy in which those with highly valued skills or talents

Traffic Jams Are a Sign of Income Inequality

The Dutch-based navigation company TomTom NV has discovered in the course of research for its 2018 traffic congestion index that the German cities with the highest and fastest-growing apartment rents are also the most congested. This finding contains an important message for city planners: Instead of trying to fight cars, perhaps it’s worth putting effort into building