Tag: middle class

The Middle Class is Disappearing … Into the Upper Class

Jun 8, 2022

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by

mwkruse

in Trends: Economic, Weatlh and Income Distribution

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…
Economic Development Links

May 27, 2014

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by

mwkruse

in Africa, Capitalism and Markets, Central America, China, Demography, Economic Development, Education, Environment, Gender and Sex, Globalization, Health and Medicine, Human Progress, International Affairs, Links – Economic Development, Poverty, Technology (Food & Water), Wealth and Income, Weatlh and Income Distribution

1. Economist: March of the Middle Class 2. Chrsitianity Today: Poverty Is a Moral Problem – Interview with William Easterly … The sad thing is that the field and practice of development have too often been on the wrong side of this debate. They’ve implicitly painted themselves into a corner where they’re on the authoritarian…
Economics Links

Mar 24, 2014

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by

mwkruse

in China, Economic Development, Environment, Globalization, Health and Medicine, International Affairs, Links – Economics, Poverty, Public Policy, Sociology, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

1. AEI – James Pethokoukis: What MinuteClinics and Google Fiber teach about crony capitalism … Andy Kessler explains how established Internet service providers are trying to block Google from deploying Google Fiber, its superfast, gigabit broadband service. His solution: “The FCC can change this overnight. Instead of allowing municipalities to dictate onerous terms and laws…
Economics Links

Feb 3, 2014

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by

mwkruse

in Capitalism and Markets, Culture, Economic Development, Economics, Generations, Globalization, Health and Medicine, History, Human Progress, Links – Economics, Poverty, Race, Sociology, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. Brookings: Prospects for Ending Extreme Poverty by 2030 2. Carpe Diem: World trade and output both reached new all-time record highs in November and are nearly 10% above previous peaks 3. PBS Newshour: More than 200 million people were unemployed in the world in 2013 Worldwide, the number of unemployed people rose by 5…
The Story of Globalization in 1 Graph

Jan 27, 2014

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by

mwkruse

in Economic Development, Economic News, Trends: Economic, Weatlh and Income Distribution

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…
Economics Links

Dec 6, 2013

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by

mwkruse

in Capitalism and Markets, Demography, Economics, Gender and Sex, Health and Medicine, Human Progress, Links – Economics, Poverty, Public Policy, Sociology, Technology, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. Poor and Middle Class Incomes Have Increased Significantly "… Using this more sophisticated cost-of-living adjustment, which is preferred by the Congressional Budget Office and Federal Reserve Board, the increase in median household income was not 5 percent but 16 percent from 1979 to 2012. In 2007, like 1979 a peak in the business cycle,…
Economics Links

Nov 8, 2013

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by

mwkruse

in Central America, China, Economic Development, Economics, Environment, Great Divergence, Human Progress, Links – Economics, Poverty, Public Policy, Sociology, South America

1. Your personality type determines your paycheck 2. New York Times editorial: Yes, Economics Is a Science … But the headline-grabbing differences between the findings of these Nobel laureates are less significant than the profound agreement in their scientific approach to economic questions, which is characterized by formulating and testing precise hypotheses. I’m troubled by…
Economics Links

Sep 24, 2013

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by

mwkruse

in Capitalism and Markets, Economics, Globalization, Great Divergence, Human Progress, International Affairs, Links – Economics, South America, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. Did living standards improve during the Industrial Revolution? … So, while the Industrial Revolution ultimately led to big increases in wealth, progress was unsteady. For much of the period, the average person was not reaping the benefits of economic change. So much for wages. Other measures of standard of living should be considered. ……
Saturday Links

Aug 24, 2013

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by

mwkruse

in Africa, Culture, Economic Development, Economics, Environment, Health and Medicine, Links – Saturday, Politics, Poverty, Public Policy, Race, Sociology, Technology (Energy), Technology (Manufacturing & Construction)), Wealth and Income

1. Does Wealth Breed Narcissism: The New' Mirror, Mirror on the Wall' Study … I wanted to test the relationship between wealth, entitlement and narcissism, guided by our earlier work suggesting that people who are wealthier, or who feel richer, tend to be a little more self-focused and self-interested than others. We found that wealthier…
Technology, Globalization, and Inequality.

Aug 16, 2013

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by

mwkruse

in Globalization, Technology, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

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…