Search results
Results from the WOW.Com Content Network
For example, in the information industry, productivity increased at an annual average rate of 5.0% over the 1987-2015 period, while compensation increased at about a 1.5% rate, resulting in a 3.5% productivity gap. In Manufacturing, the gap was 2.7%; in Retail Trade 2.6%; and in Transportation and Warehousing 1.3%.
Their findings place the United States as the most unequal and ranks poorly on social and health problems among developed countries. [175] The authors argue inequality creates psychosocial stress and status anxiety that lead to social ills. [176] A 2009 study attributed one in three deaths in the United States to high levels of inequality. [177]
The United States is the world's third largest manufacturer (after China and the European Union) with a record high real output in Q1 2018 of $2.00 trillion (i.e., adjusted for inflation in 2009 Dollars) about one percent above the 2007 peak before the Great Recession of $1.95 trillion. [11]
A score of 1 would represent the case in which one person would have all the income and others would have none. Therefore, a lower Gini score is roughly associated with a more equal distribution of income and vice versa. In 2018 U.S. income inequality as measured by the Gini index was close to the highest recorded values ever. [15] [16]
Lower-paid workers 'economically anxious' In December, the upper half of wage earners saw their pay rise 4.8% from a year earlier, compared to a 4.7% bump for the lower half, according to a 12 ...
And for the group of people in between the bottom 50% and top 1%—mostly the lower- and middle-income groups in North America and Europe—income growth has been either sluggish or flat." [16] The WIR 2018 shows that, "The gap between rich and poor has increased in nearly every region in the world over the past few decades."
Science & Tech. Shopping. Sports
The closer the Gini Coefficient is to one, the closer its income distribution is to absolute inequality. In 2007, the United Nations approximated the United States' Gini Coefficient at 41% while the CIA Factbook placed the coefficient at 45%. The United States' Gini Coefficient was below 40% in 1964 and slightly declined through the 1970s.