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Tag: inequality

Featured

Prosperity gap benefiting wealthy, deepening inequality

October 18, 2017 Underground

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

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Inequality is getting so bad even Wall Street is starting to pay attention

October 2, 2017 Underground

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

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Inequality makes growth less sustainable, IMF says

October 1, 2017 Underground

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

Featured

Insanely Concentrated Wealth Is Strangling Our Prosperity

September 19, 2017September 19, 2017 Underground

  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

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To Understand Rising Inequality, Consider the Janitors at Two Top Companies, Then and Now

September 3, 2017September 3, 2017 Underground

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

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The Equality Effect | New Internationalist

September 1, 2017September 1, 2017 Underground

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

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Our Broken Economy, in One Simple Chart – The New York Times

August 9, 2017August 9, 2017 Underground

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

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You’re not imagining it: the rich really are hoarding economic growth – Vox

August 9, 2017 Underground

All economic growth is going to the top 1%. All of it. That’s why the stock market is through the roof yet wages have gone nowhere.   Source: You’re not imagining it: … Continue reading You’re not imagining it: the rich really are hoarding economic growth – Vox

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Rising Inequality May Be the Real Risk of Automation – Bloomberg

June 27, 2017June 30, 2017 Underground

Technological change has had more impact on earnings distribution than on demand for workers, study finds The jobs won’t go away, but your earning will continue to go nowhere, fast. Source: Rising … Continue reading Rising Inequality May Be the Real Risk of Automation – Bloomberg

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There has been no income growth for the bottom half of Americans since 1980

June 16, 2017June 30, 2017 Underground

Henry Blodget looks at the lack of income growth for the bottom half of Americans and explains the problems this causes for the economy. That would be ZERO income growth for the … Continue reading There has been no income growth for the bottom half of Americans since 1980

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The Robot Takeover Is Greatly Exaggerated

June 15, 2017June 30, 2017 Underground

Worry about income inequality and slow growth before you rage against the machines. The whole excuse that machines replacing jobs is why wages have gone nowhere in the past 40 years is … Continue reading The Robot Takeover Is Greatly Exaggerated

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Income distributions in Americans’ pastimes

June 15, 2017June 30, 2017 Underground

Source: Income distributions in Americans’ pastimes [OC] – dataisbeautiful Continue reading Income distributions in Americans’ pastimes

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