Income Inequality

Income inequality in China is bad, but it’s worse in the US

China’s growing income gap could be bad news for the communist party.<p>While nearly 2 million Chinese people live on less than $2 per day, the economic powerhouse is also home to more billionaires than the United States. And yet, new data by the World Wealth and Income Database shows economic …

China

Poverty, not inequality, the real problem - NZIER

Despite what people think, inequality in New Zealand has barely changed since the early 1990s and is less of a problem than poverty itself, NZIER …

New Zealand News

Average yearly income of top 1% in America: $1.3 million

The jobs market is humming these days, but income inequality continues to grow. Torsten Slok, Chief International Economist with Deustche Bank …

Social Justice

Measuring Inequality: Forget Gini, Go with Palma

Economic inequality is easy enough to find statistics on, but these are often difficult to parse. Bernie Sanders' campaign site is a case in point. …

Social Justice

Labor markets in the age of automation

ADVANCES in artificial intelligence and robotics are powering a new wave of automation, with machines matching or outperforming humans in a …

Social Justice

Brics meet at key point in battle against global inequality

Foreign ministers of the Brics (Brazil, Russia, India, China, and South Africa) met on Monday in Beijing in advance of the group’s 9th annual summit …

Economics

Demonetisation’s effect on income inequality

The relationship between monetary policy shocks, especially those driven by unconventional monetary policies, and income inequality, is unclear. Some …

Economics

Income inequality exists in Australia, but the true picture may not be as bad as you thought

We hear a lot about inequality in Australia but the true picture is much more complicated than the headlines usually suggest.<p>The data indicate that …

Social Justice

UK wealth gap ‘widening over past decade’ says report

Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation’s assets – worth about £11 trillion.<p>At the …

Wealth

Global inequality is even worse than we thought - here's why

The gap between rich and poor across the globe is even wider than we currently think, according to a new analysis.<p>Official estimates of inequality …

Equality

These Five Men Own as Much Wealth As Half Of The Entire World’s Population

A new analysis suggests that more and more money accumulates in fewer and fewer hands.The post These Five Men Own as Much Wealth As Half Of The …

Wealth

A Lesson from China on Poverty Reduction and Inequality

I’ve written (many, many times) about how the best way to help the poor is to focus on economic growth rather than inequality.After all, in a genuine …

Social Justice

Here's how much you have to earn to be in the top 1% in the 25 biggest US cities

What it means to be among the top one percent of earners depends significantly on where you live.<p>For example, if you live in San Francisco, …

Real Estate

Inequality charity AIME launches global push with online film

AIME, an Australian charity which aims to bridge the inequality gap through education, has launched an online film as the organisation looks to …

The free world is still worth fighting for

<i>Daniel Fried, a former National Security Council director for Presidents Bill Clinton and George H.W. Bush and assistant secretary of state for Europe, is a Distinguished Fellow at the Future Europe Initiative and the Dinu Patriciu Eurasia Center at the Atlantic Council.</i><p>The “Free World Order,” the …

Opinion

A Less Common Income Inequality: When Wives Earn More Than Their Husbands

Over the last few years, we’ve been hearing a lot about income inequality and how best to address the economic and social problems it presents. Researchers have uncovered disagreement about what steps, if any, need to be taken, and there’s certainly plenty to think about, regardless of your …

Marriage

Commentary: Active government oversight has reduced Singapore's income inequality

Singapore's income inequality has narrowed over the past 17 years. But this is largely a product of government intervention in the form of taxes and …

Social Justice

Income inequality, the new handbrake on growth

The yawning gap between rich and poor in Australia should be formally tracked by the nation's prime economic review body, the Productivity …

Economics

Free exchange: A new anthology of essays reconsiders Thomas Piketty’s “Capital”

Free exchangeA new anthology of essays reconsiders Thomas Piketty’s “Capital”<p>The book explores arguments left undeveloped in Mr Piketty’s …

Economics

Can a labor union revival reverse income inequality? Not a chance

Here is a tale of two socioeconomic trends and one seductive myth.<p>Trend No. 1: There was a time when the wealthiest households in America — the top 1 …

Social Justice

Wealth gap in Hong Kong hits record high

Hong Kong’s wealth gap has widened to a historic high, with the richest household now earning about 44 times what the poorest family scrapes together, despite government efforts to alleviate poverty.<p>The government’s findings put the city behind New York as the world’s second-most unequal city in …

Hong Kong

Globalisation and executive compensation

Growing income inequality has been a hallmark of developed economies over the past few decades. Despite a large empirical literature exploring the …

Social Justice

The Rich Are Getting Richer

The stock market has been on a steady incline in recent months, with key stock indices hitting record high closings. This comes after the Standard …

Social Justice

U.S. one of world's worst on health divide between rich, poor

The U.S. has one of the world's largest health disparities between the rich and poor — behind only Chile and Portugal — and its healthcare system and lack of social supports are to blame, experts say.<p>Researchers examining surveys on health and income from people in 32 countries found poor Americans …

Health Care

China's economy is becoming more like America’s — and not in a good way

China’s three-decade economic boom, marked by gravity-defying double-digit growth rates, has been accompanied by a sharp increase in income inequality, according to a new study from French economist Thomas Piketty.<p>"China’s inequality levels used to be close to Nordic countries and are now …

Social Justice

The study that shows life is a lot more unequal than you (probably) think

Voters, take note: a World Bank survey of Indonesian households suggests people have a strong tendency to underestimate the extent of inequality – and it reveals how this can affect their political allegiance, too<p>Which matters more: actual levels of inequality, or the levels that people <i>perceive</i> to …

Social Justice

The Dramatic Health Disparities Between Rich and Poor Americans

When it comes to unequal health outcomes, the U.S. is outranked only by Portugal and Chile, a new study finds.<p>The U.S. has one of the largest income-based health disparities in the world, according to a new paper out in the journal <i>Health Affairs</i>. Among the poorest third of Americans studied, 38.2 …

Health Care

Bernie Sanders made more than $1 million last year—comfortably placing him in the 1 percent

Vermont Senator Bernie Sanders has entered the 1 percent club he has often railed against. According to a Senate financial disclosure form he filed …

Bernie Sanders

The Top 0.01% Dodge a Third of Their Taxes

It's no secret that the mega-rich sometimes avoid and even evade their taxes (the former is legal, the latter is not). In 2016 the Panama Papers …

Social Justice

Wealth taxes are just plain stupid

The Davis Tax Committee is investigating new wealth taxes, mostly motivated by the tried and trusted inequality refrain. In a recent speech, the …

South Africa