Tag: 1%
-
Globalization and Inequality: Two Complex Decades in One Simple Graph
Pew Research Center: Chart of the Week: How two decades of globalization have changed the world (Source: Milanovic, B., Lead Economist, World Bank Research Department, Global income inequality by the numbers. Annotations by James Plunkett.) I have seen the unannotated version of this graph several times, but the annotations really make things clear. The graph…
-
Technology, Globalization, and Inequality.
These articles caught my eye this week. First, in the Atlantic: Bash Brothers: How Globalization and Technology Teamed Up to Crush Middle-Class Workers Globalizationandtechnology is often referred to like a monolithic thing. A new study shows they're very separate. Globalization increases joblessness. Computers increase inequality. The article is reporting on a recent economic study: Untangling…
-
Wealth Inequality and The Top 1%
Business Insider: Myth Busting: The Wealth Gap Isn't at a Record High The article says: A National Bureau of Economic Research paper by Edward N. Wolff, a New York University professor and one of the leading U.S. experts on wealth shares, shows that in 1998, the richest one percent of Americans owned 38.1 percent of…