Search results
Results from the WOW.Com Content Network
The wealthy gain more political power, which results in policies that further slow economic growth. Many economists claim that America's growing income inequality is "deeply worrying", [125] unjust, [65] a danger to democracy/social stability, [148] [146] [147] or a sign of national decline. [163]
Two decades from now America could turn into a rentier-dominated society even more unequal than Belle Époque Europe. [38] One study extended the superstar hypothesis to corporations, with firms that are more dominant in their industry (in some cases due to oligopoly or monopoly) paying their workers far more than the average in the industry.
The latest SSA data demonstrates how vastly unequal earnings growth has been between 1979 and 2022. Over that period, inflation-adjusted annual earnings for the top 1% and top 0.1% skyrocketed by ...
At least 550,000 people are homeless in America, he said. "The tax reform will worsen this situation and ensure that the United States remains the most unequal society in the developed world ...
World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings compiled by the World Inequality Database (WID).
States with better financial development tend to be more unequal than those with worse financial opportunities; but the trends go in the opposite directions for high-income and low-income states, the former having more equality up to a certain level of development, beyond which the inequality rises non-linearly. [13]
Indeed, a new report by the Bank of America Institute suggests that homeownership is a top concern for younger generations: ... Despite the rise of the median, incomes have become more unequal ...
Wealth inequality is more unequal than income inequality, with the top 1% households owning approximately 42% of the net worth in 2012, versus 24% in 1979. [215] According to a September 2017 report by the Federal Reserve, wealth inequality is at record highs; the top 1% controlled 38.6% of the country's wealth in 2016. [216]