income inequality

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Researchers Say Transparency Could Help Address Income Inequality

A frustration of income inequality, at least for those under the great dividing line, is the attitude from above that somehow poor and lower-income people deserve their lot in life. There's a lack of empathy, according to Lawrence Mitchell, a professor of law who wrote about this a couple of years ago: "The working poor may

The Hard Part of Ending Inequality Is Paying for It

Buried among the storylines about global trade and political intrigue from the G7 summit last month is perhaps the most noteworthy one of all. Business for Inclusive Growth, or B4IG, a coalition of 34 multinational companies with more than 3 million employees and revenues topping $1 trillion, unveiled an initiative to tackle inequality with help from the

High levels of income inequality make the public less cooperative

In a new study led by IST Austria, researchers have investigated the effects of income inequality on the public’s willingness to cooperate and show support for public goods and services such as taxes, healthcare, and education. While too much inequality was found to be far from beneficial, the team also determined that complete income equality did not produce

Income Inequality Is The Party Spoiler As Social Security Turns 84

Social Security is celebrating its 84th birthday on August 14. The program has shown its staying power and importance for middle-class economic security over the decades. Its benefits are particularly important for workers, who face economic insecurity during their careers. And the chance of that happening has gone up in the past four decades. At the same

The Double Whammy: Housing and Income Inequality

America today faces a two-headed problem: economic inequality and housing inequality. The former has soared to heights not seen since the Gilded Age. The latter, as home prices spike in coastal superstar cities and lag in much of the country’s middle, has become a main feature of our divided, winner-take-all geography. The two phenomena are

Surprising gender disparity in work-life balance

The concept of work-life balance and its relation to the satisfaction that individuals and groups express regarding the quality of their lives have attracted the attention of policy makers, labor economists, and others. Life satisfaction is central to the general happiness and health of a society or nation. In a new study published in Journal

2019-07-28T06:10:28-05:00Tags: |

Health equity is declining as income inequality grows, JAMA study shows

As income inequality worsens in America, the health of its less-fortunate patients continues to decline, according to a new study conducted by researchers with the Centers for Disease Control and Prevention (CDC). The study, published this month in JAMA Network Open, collected survey data from the CDC from 1993 to 2017, which included 5.5 million Americans

What Does America’s Top 5% Think About Income Inequality?

It has been said that there are three kinds of lies: lies, damned lies, and statistics. Well, there's no lying about the growing income inequality in America. In 1965, America's top 1% controlled about 10% of the nation's after-tax income. That number has now grown to over 15%. The average CEO-to-worker pay ratio has increased

A plan to fix inequality would target CEOs who make 100 times more than their employees

America is riven by enormous income inequality. Should Silicon Valley’s very richest pay to make that better? That’s the question behind an intriguing and politically timely new proposal that San Francisco lawmakers plan to put before voters next spring and that could lead to similar efforts across the country: A second-of-its-kind attempt to tax the companies

Social inequality more impactful on well-being than income inequality

Boston Consulting Group’s Sustainable Economic Development Assessment (SEDA) suggests that the correlation between well-being and social equality is stronger than that between income equality and well-being. Likewise, those individuals in countries with high levels of social equality tend to be happier than those without. SEDA makes an objective measurement of well-being by examining and analyzing

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,