Yes, the gap between the richest and the poorest citizens of planet Earth has declined, as Tyler Cowen trumpets. But let’s hold the celebration. Here’s why.
Four years after a federal law required public companies to disclose the pay gap between their CEOs and other workers, government regulators are still mulling how to put the measure into effect.
The nations of Northern Europe have created economies that distribute wealth far more equitably than the United States.
Price gouging does no harm. No gender wage gap exists. Unions don’t protect anyone. The billionaire Koch brothers are now foisting these claims on America’s high school kids.
The film unites the two greatest issues of our time: global warming and income inequality.
What does it say about our society when one hedge fund manager makes a bigger income than the whole population of Springfield, Ohio or Burbank, California?
A new report from the UK’s independent High Pay Centre details eight policies to tackle excessive executive pay. On the list: a maximum pay ratio between CEOs and workers.
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.