Trends: Economic – Kruse Kronicle

U.S. Census Bureau recently released time-series data on household income. All data in the following chart is pegged to 2010 dollars, which is adjusted for inflation – a dollar in 1970 buys the same as a dollar in 2020. The Census Bureau divides the income distribution into nine segments and three broader categories: Poor: $0…

Calmly Considered: Global Living Conditions– Better or Worse?

Dec 22, 2021

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by

mwkruse

in Calmly Considered Podcast Video, Demography, Economic Development, Economics, Globalization, Sociology, Trends: Economic, Trends: Social, Weatlh and Income Distribution

Are global living conditions getting better or worse? There are three simultaneous truths: Living conditions are awful for a great many. Living conditions are better than they ever have been, by far. Living conditions can be improved and the trajectory is in a positive direction. Join Allen Bevere and me as we calmly consider global…

The Future of Black-Owned Enterprises

Nov 18, 2021

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by

mwkruse

in Business, Economic Development, Race, Sociology, Trends: Economic

The rate of Black entrepreneurship has always been lower than for other communities due to systemic and overt racism over past generations. This CNBC piece does a good job explaining the ongoing obstacles faced by Black-owned enterprises.

The World Is Becoming A Better Place To Live For Most People

Jul 23, 2021

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by

mwkruse

in Demography, Economic Development, Great Divergence, Human Progress, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

The great majority of people throughout most of human history have precariously been able to subsist. (See Level 1 below.) A great divergence began just over two centuries ago. Global life expectancy at birth has more than doubled, and abject poverty as a percentage of the population has declined. The average life expectancy at birth…

Globalization. Its Passing Has Been Greatly Exaggerated

Mar 11, 2021

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by

mwkruse

in Demography, Economic Development, Globalization, Trends: Economic

From researchers Steven A. Altman and Phillip Bastian: Despite recent trade turbulence, the ratio of gross exports to world GDP is still remarkably close to its all-time high. Even after falling from a peak of 32% in 2008 to 29% in 2019, this measure of global trade integration is still 20% higher than it was…

Why Population Control Is Not The Answer to Climate Change

Oct 1, 2019

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by

mwkruse

in Demography, Economics, Environment, Great Divergence, Poverty, Public Policy, Trends: Economic, Trends: Social

Population control is sometimes championed as a way to fight climate change. Bernie Sanders recently raised this idea. The world population is growing. There are 7.7 billion people today. According to United Nations estimates, there will be nearly 11 billion in 2100. Extra people mean extra CO2 emissions. While two children per woman may seem…

Extreme Poverty is Vanishing. What Does That Mean in Practical Terms?

Mar 12, 2019

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by

mwkruse

in Economic Development, Poverty, Trends: Economic, Trends: Social, Wealth and Income

Throughout human history, 90% of people have lived at a subsistence level – at or under what economists today call the extreme poverty line. Between 1820 and 1980, that percentage shrank by half to 44%. Between 1980 and 2005, it halved again to about 22%. During the next ten years, it has more than halved…

Five Hidden Ways That Globalization is Changing

Jan 21, 2019

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by

mwkruse

in Capitalism and Markets, Globalization, International Affairs, Trends: Economic

Interesting infographic from McKinsey Global Institute. For details read Globalization in transition: The future of trade and value chains.

Category: Trends: Economic