Real wages in India fell 1 percent between 2008 and 2011. Over that same time period, productivity went up 7.6 percent. Average CEO pay in India rose 30 percent in 2010-2011.
The super rich depend on government support and action. One prime example: the basic research that produced the information-technology revolution and the firms it has spawned.
President Obama’s big campaign against the “defining issue of our time” lasted approximately six months. At least inequality was a flavor of the month. The next president may not even offer it on the menu.
A new report from the UK’s New Economics Foundation lists five core steps.
An update on Spain’s vast Mondragon cooperative network — and its many enterprises where CEOs make no more than eight times worker pay.
With Congress sitting on its hands, progress on reining in executive over-compensation is cropping up elsewhere.
A new report from an eminent Australian think tank says political choices have been driving Australia’s growing gaps in income and wealth.
Public interest groups are urging the federal Securities and Exchange Commission to resist corporate pressure and issue the regulations needed to enforce the Dodd-Frank Act’s CEO-worker pay ratio disclosure mandate.
In the current White House retreat from confronting concentrated wealth, “opportunity” has replaced “inequality.”
The ten most expensive zip codes in America have median home values over $2.7 million.