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Tag: inequality

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

June 10, 2019June 10, 2019 Underground

The long read: The economic arguments adopted by Britain and the US in the 1980s led to vastly increased inequality – and gave the false impression that this outcome was not only … Continue reading ‘Socialism for the rich’: the evils of bad economics

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Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way

May 12, 2019 Underground

These days, the average American has to deal with a lot. The news is full of strife and controversy, jobs are plentiful but frequently don’t pay, and we all live on a … Continue reading Study suggests Americans stop eating out, getting drinks, enjoying life in any meaningful way

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Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research

February 10, 2019February 10, 2019 Underground

“The 400 richest Americans — the top 0.00025 percent of the population — have tripled their share of the nation’s wealth since the early 1980s, according to a new working paper on … Continue reading Wealth concentration returning to ‘levels last seen during the Roaring Twenties,’ according to new research

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World’s 26 richest people own as much as poorest 50%, says Oxfam | The Guardian

January 22, 2019January 22, 2019 Underground

Charity calls for 1% wealth tax, saying it would raise enough to educate every child not in school This kind of inequality is a threat to the very existence of democracy due … Continue reading World’s 26 richest people own as much as poorest 50%, says Oxfam | The Guardian

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How Swedes and Norwegians Broke the Power of the ‘1 Percent’

December 26, 2018December 26, 2018 Underground

While many of us work to create a better world, it’s worthwhile to consider other countries where masses of people succeeded in nonviolently bringing about a high degree of democracy and economic justice. … Continue reading How Swedes and Norwegians Broke the Power of the ‘1 Percent’

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Unions Did Great Things for the Working Class | Bloomberg

December 24, 2018December 25, 2018 Underground

Strengthening them could blunt inequality and wage stagnation. Economists are starting to suspect that unions were a better deal than textbooks made them out to be. Source: Unions Did Great Things for … Continue reading Unions Did Great Things for the Working Class | Bloomberg

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Joseph Stiglitz: ‘America should be a warning to other countries’ | Inequality

November 6, 2018December 4, 2018 Underground

In the lead-up to his Australian visit, the renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change The growing gap between the rich and … Continue reading Joseph Stiglitz: ‘America should be a warning to other countries’ | Inequality

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Why can’t millennials afford houses? Blame bachelor parties, says study

August 7, 2018 Underground

Are bachelorette parties the new avocado toast? Excuse me? With student debt through the roof, and house prices also through the roof, it’s got nothing to do with bachelor parties. Wake up … Continue reading Why can’t millennials afford houses? Blame bachelor parties, says study

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Jeff Bezos’s $150 Billion Fortune Is a Policy Failure – The Atlantic

August 2, 2018 Underground

“Bezos did not just make his $150 billion. In some ways, we gave it to him, perhaps to the detriment of all of us.” With so many of his employees barely surviving … Continue reading Jeff Bezos’s $150 Billion Fortune Is a Policy Failure – The Atlantic

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82% of the World’s Wealth Went to the Richest 1% in 2017

May 28, 2018 Underground

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

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Why American Workers Aren’t Getting A Raise: An Economic Detective Story

February 8, 2018February 8, 2018 Underground

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

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When adjusted for inflation, wage growth since 1967 has been nothing short of a disgrace.

February 1, 2018February 1, 2018 Underground

  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.

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