income inequality

/Tag: income inequality

Income inequality is neither ubiquitous nor inevitable.

Rising levels of inequality has become a key political issue in recent years; “the defining issue of our time,” as Barack Obama described it back in 2013. It was at the heart of the Occupy movement protests, and has received a huge amount of attention in the media and in policy circles. But much of this

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

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

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,

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

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

5 reasons why income inequality has become a major political issue

Income inequality has captured America’s economic debate. President Donald Trump, elected with the votes of discontented blue-collar workers, slaps tariffs on allies and adversaries alike in the name of restoring yesterday’s middle-class manufacturing jobs. His 2020 Democratic challengers demand an array of federal initiatives, including higher minimum wages, tax hikes on the rich and reshuffling

These 15 countries have the widest gaps between rich and poor

In American politics, the issue of income inequality comes up frequently. As wealth continues to concentrate at the top – now the wealthiest 10% of American households control nearly 75% of household net worth – the middle continues to shrink, and some previously thriving metro areas have been hard hit by extreme poverty. But income

The US shows the unequal world we are heading for – and we don’t seem to care

Income inequality is on the rise, a fact which many academics and commentators suggest is an important part of the election of populist figures like Donald Trump. And yet, studies show that people are actually becoming less concerned about inequality as it increases. In new research, Jonathan Mijs describes how inequality has reshaped the social landscape and

Housing inequality mirrors income inequality, says study

It’s generally understood that rising housing costs, and a shortage of new units, have contributed to an affordable housing crisis in the United States. New research by economists at Apartment List have found that inequality has also been rising, with those struggling to afford rent tending to pay a much greater share of their income than wealthier Americans. Overall,

Inequality Will Eventually Hurt the Rich, Too

Income inequality is harming the economy. Most people spend whatever extra money they earn. The rich, however, are disproportionately likely to save any additional income, which means that income concentration saps consumer demand and threatens the viability of new investments—just as in the 1920s and 1930s. We used to know this. Marriner Eccles, the former

Income Inequality in America: Growth and Statistics

Should you have more money? For decades America has gotten richer and individual workers have gotten more productive. We work longer hours, produce more per hour and raise stock prices to once-unimaginable levels… and almost no one has gotten a meaningful raise since the Carter administration. Income equality has a lot to do with that. What

Has income stalled for the bottom 90% since the 1970s

During an interview on Vox.com co-founder Ezra Klein’s podcast, Democratic presidential candidate Pete Buttigieg highlighted growing inequality in the United States. In response to a question from Klein about the the conservative era ushered in by President Ronald Reagan, Buttigieg said the governmental approach at the time "had a lot do fo with the removal of

Income inequality is growing fast in China and making it look more like the US

Between 1978 and 2015, China moved from a poor, underdeveloped country to the world’s leading emerging economy. Despite the decline in its share of world population, China’s share of world GDP increased from less than 3 per cent in 1978 to about 20 per cent by 2015 (see Figure 1). According to official statistics, real

Amazon: Income Inequality Worsens

The web giant, Amazon, which is the one of the largest private employers in the US with about 566,000 employees, and which doubled its profit to $11.2 billion in 2018 from $5.6 billion in 2017, paid zero tax in US federal taxes in 2017 and 2018 and redesigned its corporate structure so it could do

Income Inequality Or Spending Inequality, Which Tells Us More?

When it comes to the gap between the world’s rich and poor nations income inequality doesn’t quite capture the enormity of the problem. Looking at what people spend rather than what they make does more to show why the gap between the rich and the poor is likely to remain a wide one for a

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: |

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: |

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.