Inequality was traditionally the central concern of economists—until it wasn’t. It may be time to re-read the classics.
Exactly what Branco Milanovic did!
Tag: inequality (page 1 of 2)
Institutional and economic factors supporting workers are offsetting well-adverted global trends affecting wage distribution.
Wage inequality in Europe—and why it is falling (socialeurope.eu)
Branko Milanović’s century-spanning intellectual history of inequality in economic theory reveals the ideological reasons behind the field’s resurgence in the last few decades.
The Problematic Past, Present, and Future of Inequality Studies | The Nation
For those wondering how Oxfam arrives at its inequality statistics, here is their methodology report:
Davos 2024 Methodology Note.pdf (oi-files-d8-prod.s3.eu-west-2.amazonaws.com)
Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globally have become poorer. Hardship and hunger are a daily reality for many people worldwide. At current rates, it will take 230 years to end poverty, but we could have our first trillionaire in a decade.
The nex Oxfam Report!
Look at the charts of the World Bank: 2023 was noty positive at all. More poverty, more inequality, ‘development work more complicated’…
For the first time in the history of collective bargaining negotiations, the wage differential between top management and rank-and-file workers has become an underlying issue. The striking autoworkers’ claim for a 40% raise was partly justified by noting that 40% is the wage increase received by the auto companies’ CEOs over the past four years.
Rising economic inequality in many countries, especially the rich ones, in recent decades has emerged as an important topic of political debate and a major public policy concern. Widening economic disparities and related anxieties are stoking social discontent and are a major driver of the increased skepticism about public institutions, political polarization, and populist nationalism that are so evident today. Visions of Inequality, a new book by Branko Milanovic, a leading scholar of inequality, places today’s concerns and debate in context. It is an absorbing account of how thinking about inequality has evolved.
Read it here
“The unprecedented increase in inequality has many adverse, even destructive, consequences. As we note in our letter, it ‘corrodes our politics, destroys trust, hamstrings our collective economic prosperity and weakens multilateralism’. It also hinders attempts to prevent climate breakdown and address the impacts of climate change. Indeed, none of the 17 UN Sustainable Development Goals (SDGs), adopted in 2015 for realisation by 2030, is likely to be achieved without a strong focus on reducing inequality.”
Some considerations concerning the letter to the UN S-G and the WB Chairman, by Jayathi Ghosh
Gulf between rich and poor increases risk of climate breakdown as well as entrenches poverty, say Stiglitz, Ghosh, Piketty, Ortiz …
Top economists call for action on runaway global inequality | Inequality | The Guardian
© 2024 Global Social Justice
Theme by Anders Noren — Up ↑