A new report from Oxfam highlights a global system that rewards the super-rich This is not sustainable. Source: A ‘Billionaire Bonanza’ Is Driving Global Inequality | Time Continue reading 82% of the World’s Wealth Went to the Richest 1% in 2017
Very informative article. The bottom line is that corporations have grown so large and have gobbled each other up to the point where there are less public companies today than in the … Continue reading Why American Workers Aren’t Getting A Raise: An Economic Detective Story
When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace. The United States has suffered close to five decades of real wage stagnation. People, it’s time … Continue reading When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace.
Nothing else has been able to stop the decline in workers’ bargaining power. The decline in unions seems to be directly related to the decline in wages and the separation between … Continue reading Stronger Labor Unions Could Do a Lot of Good – Bloomberg
In reality there has been a class war, in which [corporations] spent decades using the state to undermine workers, writes Guardian economics editor Larry Elliott Interesting article that discusses how attacks … Continue reading Think our governments can no longer control capitalism? You’ve been duped
More than 52 million Americans live in deeply-disadvantaged, “distressed” neighborhoods. Source: Prosperity gap benefiting wealthy, deepening inequality Continue reading Prosperity gap benefiting wealthy, deepening inequality
It’s a sign of just how extreme US and global wealth inequality has become that even the folks on the winning side of the class war are starting to worry about it. … Continue reading Inequality is getting so bad even Wall Street is starting to pay attention
In many countries, the richest 1% have benefited disproportionately from economic growth in recent years, the IMF says. The IMF says fiscal policy is “a powerful instrument for ensuring inclusive growth and … Continue reading Inequality makes growth less sustainable, IMF says
Today’s mountains of wealth throttle the very engine of wealth creation itself. When all the wealth accumulates at the very top, the problem is that the very wealthy do not, and … Continue reading Insanely Concentrated Wealth Is Strangling Our Prosperity
Focusing on core competence and outsourcing the rest has made U.S. companies lean, nimble and productive. It has also left lots of people worse off. Great read showing the diderences in opportunity … Continue reading To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now
The political landscape may seem particularly bleak at present. But, if we stand back and look at the bigger picture, the dominance of rightwing populists and neoliberal policies is likely to be … Continue reading The Equality Effect | New Internationalist
This chart captures the rise in inequality better than any other chart that I’ve seen. Income gains used to go to the bottom part of the population but are now only going … Continue reading Our Broken Economy, in One Simple Chart – The New York Times
