Skip to main content

Home/ Economic Challenges Research/ Group items tagged complex

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Alejandro Enamorado

William Watson - Economic news flash: Inequality is complex | FP Comment | Financial Post - 0 views

opinion.financialpost.com/...ws-flash-inequality-is-complex

income inequality complex

shared by Alejandro Enamorado on 04 Jun 11 - No Cached
  • Almost everywhere there was growth at the bottom. But incomes at the top grew more quickly than incomes at the bottom. In effect, the rich were pulling away.
  • People who can handle the new technology on which most production is based are increasingly in demand and in many cases such brain (as opposed to brawn) workers are already well paid, so paying them even more only widens the income gap.
  • Across the OECD, the number of households with only one head has risen from 15% to 20% of the total. In calculating households’ real income, the statisticians try to factor in the economies of scale families enjoy. (Kids are cheaper by the dozen, yes, but also by twos and threes.) If more families are smaller and therefore not enjoying such economies of scale, more are going to be poorer.
  • ...1 more annotation...
  • “assortative mating” also seems to blame. More than in the past, the same kinds of people — or at least people with similar earning power — are marrying each other. Doctors increasingly marry other doctors, rather than nurses. Today, 40% of couples in which both partners work have similar incomes, compared with only 33% in the 1980s.
dylan huber

Economic news fl ash: Inequality is complex - 0 views

www.nationalpost.com/...story.html

Inequality Income OECD

shared by dylan huber on 02 Jun 11 - No Cached
  • in most places growth was more rapid at the top than at the bottom of the income distribution.
  • Canada's numbers were 0.9 and 1.6, the United States' 0.5 and 1.9.
  • incomes at the top grew more quickly than incomes at the bottom.
  • ...5 more annotations...
  • deregulation, free trade, fiscal conservatism (yes, that would be neo-liberal conservatism) -are rewriting the post-war economic and social contract at the expense of the poor and to the benefit of the rich.
  • globalization may be playing a part.
  • Technology also plays a role
  • Changes in household size do seem to be part of the problem. In most countries, there are fewer people per household. Across the OECD, the number of households with only one head has risen from 15% to 20% of the total.
  • If more families are smaller and therefore not enjoying such economies of scale, more are going to be poorer.
1 - 2 of 2
Showing 20▼ items per page