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Causes included executive pay trends and the financialization of the economy. [5] For example, CEO pay expanded from around 30 times the typical worker pay in 1980 to nearly 350 times by 2007. From 1978 to 2018, CEO compensation grew 940% adjusted for inflation, versus 12% for the typical worker. [33]
The graph shows two periods of deglobalization (1930s and 2010s) and the overall trend since 1880. Periods of deglobalization have mainly been seen as interesting comparators to other periods, such as 1850–1914 and 1950–2007, in which globalization had been the norm, given that globalization is the norm for most people and because the interpretation of the global economy has mainly been ...
The inflation rate is most widely calculated by determining the movement or change in a price index, typically the consumer price index. [ 48 ] The inflation rate is the percentage change of a price index over time. The Retail Prices Index is also a measure of inflation that is commonly used in the United Kingdom.
Inflation trends between September 2022 and February 2023 would lead to a 4.7 percent annual inflation rate. “Disinflation is the word of the month,” says Mike Fratantoni, chief economist at ...
Educational inflation is the increasing educational requirements for occupations that do not require them. Credential inflation is the increasing overqualification for occupations demanded by employers. [1][2] A good example of credential inflation is the decline in the value of the US high school diploma since the beginning of the 20th century ...
Editor’s note: This story has been updated with additional details. The U.S. annual inflation rate in August fell to its lowest point since February 2021, signaling a further easing of pressure ...
The Consumer Price Index, a measurement of price changes for a commonly purchased basket of goods and services, briskly retreated from a 2.9% rate in July to 2.5% in August, the lowest since ...
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.