Tag Archives: wealth

Moving up: why social mobility matters


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 […]

Jobs that use inequalities

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 […]

Inequality has been growing for thousands of years — and it could hint at future societal collapse

rich poor

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 […]

Shocking Statistics Show Just How Rich America Is


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 […]

The forces behind the highly unequal U.S. wealth distribution

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 […]

4 Ways Repealing the Estate Tax Would Expand the Racial Wealth Gap

Rep. Tom Reed (R-NY) and Rep. Mike Kelly (R-PA) sit behind a stack of tax volumes on Capitol Hill, November 8, 2017.

The racial wealth gap in America limits economic mobility and endangers the financial stability of our country. Systematic oppression and discrimination have led to a typical white household in the United States currently maintaining 10 times more wealth than a typical African American household and almost nine times more wealth than a typical Hispanic household. These disparities exist at every income and educational level and have real consequences for working families. Over time, this reality has provided white families with greater financial security, as well as expanded opportunities for educational and economic advancement. Congress is currently debating a proposal […]

Researchers chart rising wealth inequality across millennia


Kohler PULLMAN, Wash. – Researchers at Washington State University and 13 other institutions have found that the arc of prehistory bends towards economic inequality.

In the largest study of its kind, the researchers saw disparities in wealth mount with the rise of agriculture, specifically the domestication of plants and large animals, and increased social organization.

Their findings, published this week in the journal Nature, have profound implications for contemporary society, as inequality repeatedly leads to social disruption, even collapse, said Tim Kohler, lead author and WSU Regents professor of archaeology and evolutionary anthropology at WSU. The United States, he noted, currently […]

The roots of inequality: Researchers chart rising inequality across millennia

society

Credit: George Hodan/public domain Researchers at Washington State University and 13 other institutions have found that the arc of prehistory bends towards economic inequality. In the largest study of its kind, the researchers saw disparities in wealth mount with the rise of agriculture, specifically the domestication of plants and large animals, and increased social organization.

Their findings, published this week in the journal Nature , have profound implications for contemporary society , as inequality repeatedly leads to social disruption, even collapse, said Tim Kohler, lead author and Regents professor of archaeology and evolutionary anthropology at Washington State University. The United […]

Education plays only a small part in economic success

Education plays only a small part in economic success

0

Share this article Most of us were brought up to believe that education is the key that opens the door to a better future. Whether this is true depends in part on how one defines a better future. If we’re just talking about upward mobility and earning power, it is not a given that education leads to greater financial success, according to a growing body of research.

In a 2014 study , the income tax records of 40 million children and their parents were analyzed to identify correlations between parent and offspring earning. The research team, comprising economists from […]

Paul Krugman: The GOP Could Create a Plutocracy That Lasts a Generation


The Trump tax plan is an all-out assault on working Americans. According to the latest POLITICO/Morning Consult poll , a staggering 45 percent of voters support the GOP’s latest proposal to overhaul the American tax system. While the results reflect a 3 percent dip since the House GOP introduced its legislation, that lofty figure suggests the public possesses a flimsy grasp of what the bill actually contains—and how it might hurt them personally.

In his Tuesday column, the New York Times’ Paul Krugman urges his readers to take a closer look at the fine print. Mitch McConnell recently conceded that […]