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
Source: Income distributions in Americans’ pastimes [OC] – dataisbeautiful Continue reading Income distributions in Americans’ pastimes
Weak wage growth continues to hurt workers—and poses a threat to Trump’s presidency. The reason why wages have not grown while corporate profits are through the roof is due to the simple … Continue reading The economy keeps improving. Why aren’t wages?
“Household income of high school educated 25-32 year olds 1979 50k 1986 48k 1995 45k 2013 40k (median adjusted household income, 2012 $)” The numbers just keep going in the wrong direction for the majority of the population. Household income of high school educated 25-32 year olds1979 50k1986 48k1995 45k2013 40k(median adjusted … Continue reading Household incomes down over the decades
The bottom 90 percent used to take home a majority of the income gains from a growing economy. Not anymore. Income gains going to top 1% in 1954-7: 5% 1975-9: 25% 2009-12: … Continue reading The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans
Boomers and Gen Xers thought they had it made. But free markets, deregulation and financial errors cost them dearly. One partially correct answer is that your prosperity was … Continue reading How Middle-Class America Got Fleeced – Bloomberg
A historian claims only apocalyptic destruction can close the gap between rich and poor. If things keep going the way they are, then the historian is probably correct. Fortunately: Scheidel acknowledges non-cataclysmic … Continue reading Is Nuclear War the Only Cure for Inequality? – Scientific American
Inequality in America is getting worse. The gap between the “haves” and “have nots” is widening, according to the latest data out this week. The rich are money-making machines. Today, the top … Continue reading U.S. inequality keeps getting uglier
The richest 1 percent is now wealthier than the rest of humanity combined, according to Oxfam, which called on governments to intensify efforts to reduce such inequality. also 62 people have same … Continue reading Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says
The winners in today’s economy work worse hours than yesterday’s losers Last month’s research report on work-hours for high-paid salaried workers from the Washington Center for Equitable Growth paints a picture of … Continue reading The winners in today’s economy work worse hours than yesterday’s losers
Two small groups of Americans are improving their economics while the vast majority struggles. A big reason for average incomes in 2014 being smaller than in 2000 is subtle policies that take … Continue reading The One-Word Reason the Rich Get Richer While the Rest of Us Tread Water? Washington.
An average apartment in London now costs nine-tenths of an average worker’s pay. This is a consequence of the massive accumulation of wealth going on in the world, and the lack of … Continue reading Rents in London? Will consume all of your pay.
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