Tag: Robert Reich

Your New Born Is Wealthier than 60 Million Americans

Apr 1, 2014

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by

mwkruse

in Economics, Public Policy, Weatlh and Income Distribution

Robert Reich's increasingly well-traveled observation is, "The 400 richest Americans now have more wealth than the bottom 150 million of us." But think about what that means. What is "wealth?" I routinely sense that most people incorrectly think this means how much money you have, or much stuff you own, including money (i.e., assets.) No.…
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. ……