Tag: inequality (page 1 of 2)

Inequality and Methodology

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)

Inequality Inc.

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!

More Poverty, more Inequality…

Look at the charts of the World Bank: 2023 was noty positive at all. More poverty, more inequality, ‘development work more complicated’…

2023 in Nine Charts: A Growing Inequality (worldbank.org)

A sophisticated form of Wage Theft

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.

Commentary: CEO, worker wage gap is sophisticated form of wage theft – Boston Business Journal (bizjournals.com)

What the IMF thinks of Milanovic’ Visions of Inequality

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

Taking inequality seriously, and tackling it seriously

“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

Top economists call on UN and World Bank to end inequality

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

EAPN’s Poverty Watch Report

Times of Inequality!

eapn-EAPN-Report_EU-2022-Poverty-Watch_Unequal-Times-of-Crisis-5677.pdf

On the importance of trade unions

In Defense of Equality (without welfare economics)

Measurement of income inequality is like measurement of any natural or social phenomenon. We measure inequality as we measure temperature or height of people. The English (or welfarist) school believes that the measure of income inequality is only a proxy for a measure of a more fundamental phenomenon: inequality in welfare. The ultimate variable, according to them, that we want  to estimate is welfare (or even happiness) and how it is distributed. Income provides only an empirically feasible short-cut to it.

I would have been sympathetic to that approach if I knew how individual utility can be measured.

Read the article of Branko Milanovic

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