In the classic Ayn Rand novel Atlas Shrugged , the rich go “on strike” – withdrawing their services and disappearing from society in protest against taxes and regulation. Weary of carrying an ungrateful world on their shoulders, business leaders and other top income earners finally shrug, and leave the world without them.
The book’s metaphor inspires political rhetoric to this day: if you tax the rich, they will leave. Variations on the threat are issued by well-off individuals all over the world – not least in the United States, where each state sets its own tax policies, and periodic warnings […]
View Original: If you tax the rich, they won’t leave: US data contradicts millionaires’ threats
The biggest history news stories of the last seven days, including an archaeological study into inequality that has an ominous warning for the present, the revelation that what is now Madrid was once arid savanna, and a rethink on the chronology of the Neanderthals.
Inequality Started with the Rise of Agriculture
New research claims that the rise of economic inequality in human societies can be traced all the way back to the dawn of agriculture.Published in the journal Nature , the research involved academics from fourteen different institutions, and was led by Tim Kohler from Washington State University (WSU). […]
View Original: Inequality’s Deep Roots – The History News of the Week
Many government programs seek to help disadvantaged people families. But how good are we at lifting people permanently out of poverty ?
Modern Australia has a long history of being a land of opportunity for newcomers. Most of the early European settlers were either convicts, domestic servants or labourers whose children enjoyed better lives than their parents had enjoyed.
The 1850’s gold rush brought fortune to many regardless of parental wealth. Post-war Australia has continued to be seen as land of opportunity, still attracting large numbers of migrants seeking to improve life for themselves and their families.The foundations of modern Australia […]
View Original: Moving up: why social mobility matters
America’s surging economic inequality has been blamed for everything from crony capitalism to the displacement of once good-paying jobs by globalization and new technology. But according to a major recent study, the real culprit in both the growing gap between the rich and poor can be traced to the neighborhoods in which we are born and raised.
The study, which expands on the crucial ongoing work of the Harvard sociologist Robert J. Sampson and included in a larger economic mobility report from the St. Louis Fed , examines the rise of neighborhood inequality and its effects on the economic mobility […]
View Original: The Persistent Inequality of Neighborhoods
These are both long-standing Income inequality. Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Did he use this market dominance to “income inequality in a capitalist system is truly beautiful” because “it provides the Millions of jobs, Goal 10—Why Addressing Inequality Matters. Management We would like to show you a description here but the site won’t allow us. And beyond simply attaining a job, the to require more education and more Apr 24, 2017 A surprising number of occupations use linear equations. inequalities example […]
View Original: Jobs that use inequalities
One of the most commonly taught stories American schoolchildren learn is that of Ragged Dick, Horatio Alger’s 19th-century tale of a poor, ambitious teenaged boy in New York City who works hard and eventually secures himself a respectable, middle-class life. This “rags to riches” tale embodies one of America’s most sacred narratives: that no matter who you are, what your parents do, or where you grow up, with enough education and hard work, you too can rise the economic ladder.
A body of research has since emerged to challenge this national story, casting the United States not as a meritocracy […]
View Original: Education Isn’t the Key to a Good Income
You might remember this TV show about how a group of homies got along with each other and with urban life in New York City. The characters were all in their 20s and 30s, and some of the guys in this group shared an apartment together. Some of the ladies in the group shared an apartment, too, in the same building as the guys. There was occasional romantic tension between some of the male and female buddies, and some of them even morphed into real romantic couples. There seemed to be no real point to this show other than […]
View Original: The Gentrification of City-Based Sitcoms
Spencer Platt/Getty A new study of 63 archaeological sites found societies have been getting more unequal for thousands of years.
If left unabated, the trend could result in devastating outcomes, including the downfall of civilized life.
A study of 63 archaeological sites has found that wealth inequality has been growing for thousands of years, beginning with early hunter-gatherer species and leading all the way up to the Information Age.Conducted by 14 different universities, the research describes a growing trend that could have dire consequences for future societies — if they fail to become more equal."People need to […]
View Original: Inequality has been growing for thousands of years — and it could hint at future societal collapse
Unlike the majority of countries, those in America enjoy the promise of economic mobility regardless of where they stand on the economic ladder.
In fact, when you see statistical analysis about how much wealth “the top 1%” has, or how well the “top 20%” is doing relative to the “bottom 20%” over time, we’re comparing people to themselves at different stages at their lives, not rich and poor.
How often have you seen a headline playing off the “the rich get richer and the poor get poorer” motif? We’ll hear that the top 20% (but more often the much maligned top […]
View Original: Shocking Statistics Show Just How Rich America Is
Should-Read: Nick Bunker : : "Two papers… give us some guidance on the forces that have led to such an unequal wealth distribution in the United States… …Jess Benhabib and Alberto Bisin… an overview of previous research… three broad mechanisms or explanations that have been the focus of previous research and consider how much they could help explain this “fat tail” of wealth…. The first mechanism deals with income inequality and how that arises from shocks to individuals’ earnings. The second is related to capital income risk, or differences in the rate of return on investments at different levels […]
View Original: The forces behind the highly unequal U.S. wealth distribution