An Economic Policy Institute study shows that the dramatic increase in CEO compensation has a large impact on increasing inequality–worker pay could have doubled without the rise in CEO income…The compensation of CEOs at US corporations has grown by nearly a factor of ten since 1978. This is according to a study recently released by […]
Survival of the Richest…
Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism covers a grotesque underbelly of growing inequality that’s hiding in plain sight. And this phenomenon of ever more concentrated wealth and power has both Newtonian and Darwinian components to it. In terms of Newton’s first law of motion: those in power […]
26 Billionaires Own as Much as World’s 3.8 Billion Poorest People…
While the wealth of billionaires increased by $900 billion last year, or $2.5 billion a day, latest Oxfam report on inequality shows “this bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.” With Wall Street titans, tech moguls, and other members of the global […]
Here’s What a Real Strike Looks Like: 150 Million Say No to Despotism in India…
Indian cities never go silent. Sound is a constant feature—the horns of cars, the chirping of birds, the cries of hawkers, the steady hum of a motorcycle engine. On Tuesday, India is on strike. It is likely that about 150 million workers will stay away from their workplaces. Trade unions of the Left have called […]
The Absurd Amount of Entitlements That Go to Rich People…
Thomas Piketty, Emmanuel Saez, and Gabriel Zucman have calculated that, on average in 2014, the middle class received more of the safety net than the lower class. Specifically, the 40% of American adults with incomes just below the top 10% received more in safety net government transfers (Medicare, Medicaid, food stamps/SNAP, Veterans’ benefits, etc., but […]