Category: Trends: Economic
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The Story of Globalization in 1 Graph
Atlantic: The Story of Globalization in 1 Graph … Globalization has winners and losers. The winners—particularly the upwardly mobile middle classes of China, India, Indonesia,Brazil, and Egypt—occupy the long hump of this elephant-like line. They have seen their inflation-adjusted incomes grow by 70 percent or more. The world's "1%" (which works out to the top…
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Has U.S. Economic Mobility Declined?
Economic mobility has not changed in forty years according to this NEBR paper: Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility Abstract We present new evidence on trends in intergenerational mobility in the U.S. using administrative earnings records. We find that percentile rank-based measures of intergenerational mobility have remainedextremely…
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Jobs growth in poor countries by income group
Economist: Jobs growth in poor countries by income group … In the chart, left of zero mean fewer jobs in those income groups, while right of zero mean more jobs. So in sub-Saharan Africa and South Asia, the share of jobs for the poorest workers will contract while jobs for people with more income will…