Tag Archives: wealth

Rising Inequality Gap? Blame It On Agriculture

Hunter-gatherer.

Antonio Manaytay – Fourth Estate Contributor

Washington, DC, United States (4E) – The prehistoric hunter-gatherer societies could have been the great equalizer as far as the wealth disparity is concerned. But economic inequality began to appear with the advent of agriculture and as the society grew and became stratified as social organizations had increased.

The researchers of a new study, published in the journal Nature, said as people became less mobile to cultivate the land, domesticate animals, and set up social organizations wealth disparities also began to mount.The findings are relevant today because economic inequality, as history had shown, inevitably leads […]

The “Vicious But Brilliant Exploitation” That Drives Right Wing Economics


Photo via EPI This month, Thea Lee took over as president of the Economic Policy Institute, America’s premier left-wing economic think tank. We spoke to her about Trumponomics and the fight for equality.

Lee spent two decades as an economist at the AFL-CIO, America’s largest federation of unions, before taking over as head of EPI—a group that produces some damn good charts . She will have her work cut out for her.

Splinter: What do you think are the root causes of the decline of unions and organized labor in America, over the past several decades? Thea Lee: There’s probably […]

Insights Mind maps

www.insightsonindia.com Page 1 www.insightsias.com

General Studies-3; Topic: Economic growth; Inclusive development

Income Inequality in India1) Introductionï‚· The World Inequality Report 2018 released by the World Inequality Lab says that income inequality in India has increased since economic liberalisation.ï‚· It is in contrast to the earlier decades when inequality dropped under socialist policies.2) Key Findingsï‚· We can see the trend in inequality across the worldï‚· The report compares economic progress made in India and China.ï‚· Since 1980, while the Chinese economy has grown 800% and India’s a far lower 200%ï‚· Inequality in China today is considerably lower than in India.ï‚· The share […]

The Ugly Face of Inequality in India

The Ugly Face of Inequality in India

Income inequality in India has hit its highest level in 92 years . New figures from Credit Suisse suggest the wealthy elite of India, its richest 1%, now own 58.4% of the wealth. This makes India, often revered as a key rising economic power among the developing nations, the second-most unequal country in the world. What is behind this recent rise in inequality? And is it really a problem?

Causal Factors

Social divides in India have often been attributed to its rigid caste system. This system takes roots in Hinduism, which traditionally separated people into four groups: at the […]

Trump Will Take Credit For 2018 Economic Growth, But Will He Take Blame For Inequality?


President Trump thanks himself for everything from a record high stock market, to a year without any plane crashes. Will he take the blame for increased inequality this year? HSBC economists warn of greater wealth gaps to come in 2018. (Photographer: Mike Theiler/Pool via Bloomberg)

It will come as no surprise when President Trump pats himself on the back for another year of strong growth. But will he take the blame for the rising tide of inequality expected in 2018?

Trump’s critics will have much better ammo on the inequality front than they’ve mustered to get out of their Russian "collusion" […]

Inequality and poverty in the US: A long-read Q&A with Bruce Meyer


Have poverty levels and inequality in the US soared over the past quarter century, or are we just looking at them through the wrong lens? I discussed this recently with economist Bruce Meyer, a leading researcher in these fields. We also covered the earned income tax credit, how government can held reduce poverty, and more. Bruce Meyer is a visiting scholar here at AEI, a professor at the University of Chicago’s Harris School of Public Policy, and a fellow at the National Bureau of Economic Research.

Below is a lightly-edited transcript of our conversation. You can subscribe to my podcast […]

The Hoarding of the American Dream


There’s a certain type of financial confessional that has had a way of going viral in the post-recession era. The University of Chicago law professor complaining his family was barely keeping their heads above water on $250,000 a year . This hypothetical family of three in San Francisco making $200,000, enjoying vacations to Maui, and living hand-to-mouth. This real New York couple making six figures and merely “ scraping by .”

In all of these viral posts, denizens of the upper-middle class were attempting to make the case for their middle class-ness. Taxes are expensive. Cities are expensive. Tuition is […]

Inequality and poverty in the US: A long-read Q&A with Bruce Meyer


Have poverty levels and inequality in the US soared in the past quarter century, or are we just looking at them through the wrong lens? I spoke with economist Bruce Meyer to discuss his research on income inequality, the earned income tax credit, and the best methods for reducing poverty. Bruce Meyer is a visiting scholar here at AEI, a professor at the University of Chicago’s Harris School of Public Policy, and a fellow at the National Bureau of Economic Research.

You can subscribe to my podcast on iTunes or Stitcher , or download the podcast on Ricochet . Below […]

Growing inequality and its repurcussions

Every Pakistani dreams of living in a society where everyone has access to quality education and healthcare, justice and healthy nutrition. Moreover, they aspire to live in a country where power and authority is shared fairly between the rich and the poor irrespective of gender, religion and class. Most importantly, every citizen aspires to live in a land where wealth is not concentrated in hands of a just few.

However, it is sad to note that the gap amongst the rich, mediocre and the poor echelons of our society is rapidly accelerating.

The rich members of our society attain a dominating […]

Britain’s class problem comes down to “assortative mating”


Britain is obsessed with social class . Whether it’s the jobs we have, the words we use, the education we receive, political beliefs, or even the TV shows we watch, being preoccupied with class is as British as drinking tea and eating fish and chips.

While the class system is complex , a key differentiator is economic capital; and a lack of income equality gives Britain one of the worst social mobility problems in the world.

But British people tend to exacerbate the problem of social class income inequality with “assortative mating”—choosing to have kids with someone who has similar traits. […]