Tag Archives: Income inequality

Key Inequality Measure The Highest Since The Great Depression

Key Inequality Measure The Highest Since The Great Depression
The ratio of wealth to household income in the U.S., a measure of inequality, is the highest it has been since just before the Great Depression, Credit Suisse noted in a 64-page report on global wealth released on Monday. The bank also warned that this was not good news for the health of the economy: “This is a worrying signal given that abnormally high wealth income ratios have always signaled recession in the past,” the bank ... Read more

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People
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 of the food-deprived are children. The fruits of American productivity go to the richest Americans, who can afford to hold onto their fortunes, defer taxes indefinitely, and then ... Read more

Global Inequality Reaches Levels Not Seen in Nearly 200 Years

Global Inequality Reaches Levels Not Seen in Nearly 200 Years
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 Revolution produced sizable wealth gaps between the rich and poor—according to a new report released Thursday by the Organization for Economic Cooperation and ... Read more

America Has More Low-Paying Jobs Than Any Other Developed Country

America Has More Low-Paying Jobs Than Any Other Developed Country
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 low-paying. In the U.S., over 25 percent of all jobs qualify as such. The ranking reflects America’s problem with income equality.  By Kevin Short The Huffington ... Read more

Stagnation: You Can’t Feed A Family With G.D.P.

Stagnation: You Can’t Feed A Family With G.D.P.
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 picture of how much Americans are making, how many are living in poverty, and how many have access to health insurance. The numbers are ... Read more