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
Viviendas de las clases medias acomodadas se elevan sobre las comunidades hacinadas en Lucknow, India. Foto: Tom Pietrasik/Oxfam
La desigualdad econÃ³mica crece rÃ¡pidamente en la mayorÃa de los paÃses.La riqueza mundial estÃ¡ dividida en dos: casi la mitad estÃ¡ en manos del1% mÃ¡s rico de la poblaciÃ³n, y la otra mitad se reparte entre el 99%restante. El Foro EconÃ³mico Mundial considera que esta desigualdadsupone un grave riesgo para el progreso de la humanidad. La desigualdadeconÃ³mica extrema y el secuestro de los procesos democrÃ¡ticos por partede las Ã©lites son demasiado a menudo interdependientes. La falta decontrol en las instituciones polÃticas produce […]
View Original: GOBERNAR PARA LAS Ã‰LITES Secuestro democrÃ¡tico y desigualdad econÃ³mica
(Source: www.vox.com )
America’s rich have gotten richer for decades, while the middle class and poor have seen meager gains. Since the mid-20th century, the top 1 percent have more than doubled their share of the nation’s income, from less than 10 percent to more than 20 percent.
Donald Trump said he was going fix it — that he would represent the forgotten men and women, the people who had been left behind in this widening of income inequality.But the tax overhaul his Republican Party passed through the Senate early Saturday morning would make America’s income inequality worse. Maybe a lot […]
View Original: The Republican tax bill will explode income inequality in America
A new report predicts that by 2030, as many as 800 million jobs could be lost worldwide to automation. The study , compiled by the McKinsey Global Institute, says that advances in AI and robotics will have a drastic effect on everyday working lives, comparable to the shift away from agricultural societies during the Industrial Revolution. In the US alone, between 39 and 73 million jobs stand to be automated — making up around a third of the total workforce.
But, the report also states that as in the past, technology will not be a purely destructive force. New jobs […]
View Original: Automation threatens 800 million jobs, but technology could still save us, says report
Technical workshop Objectives
1. Understand the diverse patterns, drivers and impacts of migration and labor mobility to address challenges for achieving sustainable livelihoods transformation, food security and nutrition and poverty reduction.
2. Promote multisector policy approaches to the development of rural areas and rural-urban linkages to facilitate rural transformation and agricultural and food systems’ transitions for economies and societies at large. The workshop will bring together researchers and policy makers from around the world in an effort to provide evidence, promote understanding, enhance dialogue on migration, labor and people’s mobility for poverty reduction and sustainable development.Relevant areas […]
View Original: The drivers and impacts of migration and labour mobility in origins and destinations: Building the evidence base for policies that promote safe, orderly and regular people’s and labour mobility for poverty reduction and sustainable development
A new report by the Social Mobility Commission (SMC) has identified areas with the worst prospects in the UK. And its study of national inequality has turned up surprising results. Especially for those still clinging to the concept of the ‘ North-South divide ‘. The Watford Gap
The boundary between Northamptonshire and Warwickshire, known as the ‘Watford Gap’, has traditionally been given social and economic importance. The perception was that areas to the north were more disadvantaged than those to the south. As recently as 2015, reports suggested the North/South divide not only still existed, but had widened. […]
View Original: North/South divide? Think again. National inequality is far more complex than that.
In recent years, the rate of productivity growth, both in the US and in every major economy worldwide, has slowed. At the same time, and particularly in the US, we’ve seen an increase in income inequality, with the top 1 percent seeing increased income while compensation for median-wage workers has been close to flat for decades. Are these two trends related? Or are there other factors at play?
This was the subject of several presentations at a conference I attended at the Petersen Institute for International Economics .
Since I have recently heard a number of economists debate the implications of […]
View Original: Is Technology Causing Increased Income Inequality?
German Chancellor Angela Merkel attends a plenary session of Germany’s Parliament. Berlin, Nov. 21. (Michael Kappeler/DPA/AP) Marcel Fratzscher is president of the German Institute for Economic Research (DIW Berlin) and professor of macroeconomics and finance at Humboldt University of Berlin.
BERLIN — Can you guess the country to which the following facts apply? Economic growth and wage growth have been below average over the past 20 years. More than one in five people have only temporary, low-wage or marginal jobs. Social and political polarization is increasing. Wealth inequality is among the highest of Western countries, and the government is […]
View Original: Germany is no poster child for economic growth
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THE WORD “millennial” was first pressed into service as a noun in 1991 by William Strauss and Neil Howe in their book, Generations: The History of America’s Future, 1584 to 2069 . (Strauss had, by the time of the book’s publication already left an indelible mark on American culture: in 1981, he helped to found The Capitol Steps, the live performance troupe that delivers light political satire through mildly bawdy musical parodies drawn from the American songbook — e.g., “Papa’s Got a Brand-New Baghdad,” “Springtime for Liberals,” “Unzipping My Dooh Dah.”)
Strauss and Howe introduced the term […]
View Original: Won’t Get Fooled Again: Malcolm Harris’s “Kids These Days: Human Capital and the Making of Millennials”
Grant and Katelyn Hobin work multiple jobs to pay off student loans while they wait to have a family. Buy Photo When her coworkers ask her to join them for a lunch out, Katelyn Hobin often declines, choosing to pinch pennies where she can.
A Des Moines social worker, Hobin never expected to be rich: She earned a liberal arts degree from a private college and entered a notoriously low-paying profession.
But she also never expected to find herself here.At 32, she’s still paying off student loans. Both she and her husband, Grant, a teacher, have part-time jobs in addition to […]
View Original: Most Iowa wages have stagnated. But the rich keep getting richer.