Income Inequality in a Globalising World
Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Category Archives: Income disparity
Negative Effects of Immigration on the Economy
Working through explanations as to why US immigration has been negatively correlated with growth.
Read more...Academic Penury: Adjunct Faculty as the New Precariat
The perilous status of adjuncts, who serve as contingent faculty.
Read more...Don’t Celebrate Just Yet: Median Household Income In a 20-Year Decline
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says economist Richard Wolff
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Bill Moyers: We, the Plutocrats vs. We, the People: Saving the Soul of Democracy
National treasure Bill Moyers describes the rise of inequality and America’s descent into plutocracy, reflecting wisdom acquired over six decades of thinking and writing about American politics.
Read more...The Slave Power, Slave Credit, Slave Labor
Book reviews of Slavery’s Capitalism and This Vast Southern Empire, with some thoughts on their relevance to our own day.
Read more...Oil Booms Leave the Poor in the Dark
One of the biggest challenges in fighting poverty is to know where it is. This column describes a new way to measure poverty by using satellites to count people who live in darkness at night. This shows that the economic benefits of oil booms don’t trickle down to the very poor.
Read more...Back to the Future? Lessons on Inequality, Labor Markets, and Conflict from the Gilded Age
Warning to capitalists: the high levels of inequality of the deregulated Gilded Age led to concerted and effective pushback by workers.
Read more...Trickle Down Election Economics: How Big Money Can Affect Small Races
Billionaires are targeting key state races.
Read more...How Abusive Employers Combined With Job Insecurity Lead to Suicides
Labor activists charge that pressure-cooker jobs and employer abuse are leading to more work-related suicides. But how can companies by held to account?
Read more...Human Development, Inequality, and Long Working Hours
One-dimensional indicators such as GNI per capita are known to be flawed measures of well-being. The Human Development Index (HDI) introduced dimensions of health and education alongside income. This column argues that an HDI adjusted for inequality and hours worked gives deeper insight into a country’s economic standing. Using this composite measure, the US falls from first to seventh among G8 countries.
Read more...The Link Between Health Spending and Life Expectancy: The US is an Outlier
Why does lavish health spending in the US produce so little in the way of results?
Read more...Gaius Publius: “You Broke It, You Bought It” – A Sanders Activist Challenges Clinton Supporters
Clinton’s hard move to the right is causing some consternation among bona fide progressives. But what will they do about it?
Read more...Dirk Bezemer and Michael Hudson: Finance is Not the Economy
Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
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