Above: Billionaire investor Warren Buffett. (Photo: Fortune Live Media / flickr / cc) For the second year in a row, America’s richest 14 individuals made more from their annual investments than the $80 billion provided for people in need of food. Nearly half ... Read more
Photo: Dean Chahim/flickr/cc) “It is hard not to notice the sharp increase in income inequality experienced by the vast majority of countries from the 1980s,” the OECD report says. Global income inequality has returned to levels recorded in the 1820s—when the Industrial ... Read more
If you had any doubt the US economy had been rearchitected to favor the haves versus the have-lesses, this chart by Pavlina Tcherneva should settle it.
The U.S. has more low-paying jobs than any other country in the Organisation for Economic Co-operation and Development, an economic group of 34 developed countries, according to research by Morgan Stanley. On average, around 16 percent of jobs in OECD countries are considered ... Read more
By Neil Irwin New York Times, September 16, 2014 The most important thing to know about the state of the United States economy was revealed in a report Tuesday morning that Wall Street barely noticed. Every year, the Census Bureau delivers a sweeping set of numbers that give the richest annual ... Read more