Forida, 22, lives in Dhaka, Bangladesh, with her infant son and husband. They live in a dark compound built mostly of tin and wood with six other families and just one toilet. It floods and leaks when it rains, and beside the compound is a polluted pond that attracts mosquitoes. Forida says that if she were paid a little more money, she could one day send her son to school. She could live happily; her family could live a better life.
Sorry to deliver the news, but it’s time to worry about the next crash. The combination of stagnant wages with most economic gains going to the top is once again endangering the economy.
There is a significant perception gap between what the general public think about why people become homeless, and what people who have experienced homelessness say
One in every five people in the UK today are living in poverty – that is, living with a household income below 60% of the median national income when housing costs are considered. Food is a key component of household budgets. Poverty is linked directly to how people access food.
A family in India needs fresh water. But this family can’t just turn on a tap. Instead, the women in the household must walk to fetch it, sometimes travelling miles carrying plastic or earthenware pots, possibly with a child or two in tow, to the nearest safe source – regularly repeating the journey up to three times a day.
Halloween is a time when cultural norms are turned upside down: we encourage children to dress up as creatures from nightmares – witches, zombies, vampires – and we send them out to wander the streets in the dark, demanding sweets from strangers.
The purpose of our social, economic and political systems is to enable all Australians to lead good lives. Australia is doing well on some fronts. It ranks third out of 188 countries on the UN Human Development Index, which takes into account life expectancy, education and national income per capita. We also rank 19th on national income per capita.
You might expect that the more equal opportunities in these countries might reduce other differences between the genders, such as what kind of jobs people are more likely to have, or personality traits such as kindness or a tendency for risk-taking.
Why do the richest 1% of Americans take 20% of national income, but the richest 1% of Danes only 6%? Why have affluent British people seen their share of national income double since 1980, while over the same period, the income share of wealthy Dutch hasn’t budged?
If the United States doesn’t address rising inequality, the middle class could start feeling the effects in the form of fewer government services, one expert says.
Newly released data on life expectancy across the U.S. shows that where we live matters for how long we live. A person in the U.S. can expect to live an average of 78.8 years, according to the most recent numbers from the Centers for Disease Control and Prevention (CDC).
Researchers have created an interactive, map-based tool—the Opportunity Atlas—that can trace the root of people’s outcomes, such as poverty or incarceration, to the neighborhoods in which they grew up.
Few things are more annoying than spending a large sum of money on a purchase, only to discover that someone else got the same thing for a lower price. This often happens with airfares. You go the same website, search the same airline, choose the same seat row and fare conditions, but you’re offered a different price depending on when and where you do it. Why?
For millions of American women – both those who’ve survived assault and those who have experienced workplace harassment – seeing a man on the path to promotion despite allegations of harassment is jarring yet painfully familiar.
In the early days of industrial capitalism there were no protections for workers, and industrialists took their profits with little heed to anyone else.
In the last decade or more, economic growth has slowed across the Western world, although a belated though weak recovery has been under way since around 2017.
Racial wealth inequality was an important factor contributing to the riots in many American cities in the 1960s, but a half-century later, the issue has gotten short shrift, researchers report.
Buried deep in a note towards the end of a recent bulletin published by the British government’s statistical agency was a startling revelation.
Australia as a nation has never been richer. But it is now also more unequal than at any time since the early 1980s. This inequality takes many forms, not least between suburbs and neighbourhoods. And our research suggests the few celebrated examples of famous Australians who emerged from disadvantaged neighbourhoods are the exceptions to the rule for children who grow up in them.
American workers’ occupational status reflects that of their parents more than previously known, a new study shows.
The findings reaffirm more starkly that the lack of social mobility in the United States is in large part due to the occupation of our parents.
Many Americans deeply believe that people should pull themselves up by their bootstraps. After all, individual responsibility is a core American value. Too much emphasis on an individual’s responsibility, however, may result in overlooking the societal and historically causes that keep racial minorities such as blacks at an economic and health disadvantage.
Scholars of international political economy, such as myself, recognize that trade hasn’t always been good for poorer Americans. However, the economic fundamentals are clear: Tariffs make things worse. Tariffs are a tax on imports. As taxes go up, so do the prices of foreign goods. Unfortunately, protecting a few narrow industries can generate much broader costs. Not least, consumers now have to pay more for everyday goods.
Women comprise 42% of Australia’s homeless population. Not only do many women become homeless due to family violence, homelessness can expose them to further gendered violence. Research shows homeless women experience violence – or feel vulnerable to it – in crisis accommodation, such as private rooming houses and motels, to which housing services often refer them due to the scarcity of more suitable alternatives.
Life expectancy in the UK varies dramatically depending on where you live. As a recent BBC Panorama investigation highlighted, “the rich live longer and the poor die younger”.
According to a May 2018 report from the Pew Research Center, since 2000, suburban counties have experienced sharper increases in poverty than urban or rural counties.
An increasing number of people are sleeping outside in tents, doorways, and under bridges. In the United States, 192,875 people were unsheltered on a given night in January 2018, a 9% increase from 2016.
While researching how hard it is for low-income Americans to eat healthy on tight budgets, I’ve often found a mismatch between what people want to eat and the diet they can afford to follow.
Societies tend to become more unequal over time, unless there is concerted pushback. A society that fails to invest in its children, to protect its land and water, or to build a future is courting collapse. The process feeds on itself, growing like a cancer...
There are many indexes that aim to rank how green cities are. But what does it actually mean for a city to be green or sustainable?
Poverty remains a widespread problem. In the UK, 30% of children are growing up in poverty. More than half of these children are in working households, and poverty is on the rise even for children whose parents work in government-funded jobs.
Children from low-income families who attend a school that offers free breakfasts do better academically in math, science, and reading, report researchers.
Skeptics may wonder, does the gender of the person who represents you in Congress really matter? Currently, only about 20 percent of all members of Congress are women - 22 of the 100 U.S. senators are female, as are 84 of the 435 members of the U.S. House.
Republicans continue to use long-debunked myths about the poor as they defend lower taxes for the rich and deep cuts to the social safety net to pay for them.
Is it too much to expect people to talk calmly and reasonably about tax changes? Yes. Yes, it is too much. The rocket-fuelled fury of the worried taxpayer is a constant feature of tax culture for good reasons.
In the wake of the devastation caused by Hurricane Harvey and Hurricane Irma, it was reported that up to 80% of home damages were not insured.
Most Americans with jobs work “at-will”: Either party may terminate the arrangement at any time for a good or bad reason or none at all. Employers owe their employees nothing in the relationship and vice versa.
In the 1990s, economists indulged heady hopes that globalisation would raise all boats via unfettered free market activity.
My work focuses on answering pressing questions about the health of older adults after disasters, such as the one I responded...
Having only a few people with most of the wealth, motivates others. This theory is actually wrong according to research.
Ample research indicates that the growing problem of wealth and income inequality could stunt U.S. economic growth and undermine our democracy while stirring political polarization.
An agreement to address migrant and refugee crises worldwide, which the UN General Assembly adopted in September 2016, has been described by many in the United Nations as nothing short of a miracle.
India recently tried to reduce the use of cash in its economy by eliminating, overnight, two of its most widely used bills in what was called demonetization.
A number of recent articles in the corporate press around the country highlight the ongoing dilemma the capitalist class faces in dealing with the persistent and rising homelessness problem.
As the Senate prepares to modify its version of the health care bill, now is a good time to back up and examine why we as a nation are so divided about providing health care, especially to the poor.
It’s been a busy – and controversial – year for Wonder Woman. In October 2016, the United Nations made a curious appointment: Wonder Woman would be the global organisation’s new Ambassador for Women’s Empowerment
Wonder Woman is an unsettling superhero. More so than her male counterparts, she resists easy classification: she’s neither an alien or a billionaire – nor has she been exposed to some chemical to obtain her powers.
Puerto Ricans are searching for solutions to the island’s worst economic and social crisis in a long time.
This is the real-world economy for a living Earth that we must learn to structure and manage to provide a safe space for humanity.
Inequality in America is on the rise. Income gains since the 1980s have been concentrated at the top.
'Declines in absolute mobility have been a systematic, widespread phenomenon throughout the United States since 1940,' the authors of the new study write.
Inequality is the defining social, political and economic phenomenon of our time. Just 1% of the world’s population now holds over 35% of all private wealth
Persistently high rates of income or wealth inequality are bad for social cohesion, political inclusion and crime. The evidence for this is overwhelming.
Social scientists have long known that the rich are not exactly model citizens.
Tax day is here once more, and tens of millions of Americans will rush to file their income taxes by this year’s deadline of April 18 (rather than April 15 for a variety of reasons).
The American tax system, in which those with the least pay the most.
US President Donald Trump wants to build a wall along the US-Mexican border. Britain wants to retreat into its shell to become an isolated island state.
The wealthy will not be able to build a wall high enough or a silo deep enough. The only solution is to bring your wealth home and invest in community resilience to ensure the survival of all.
“Will I lose my job in the near future?” For most people this is an unpleasant scenario to ponder, and for many it is a real and pressing concern.
In 2014, the Supplemental Nutrition Assistance Program (SNAP), a federal program to address food insecurity in the United States, provided $70 billion in nutrition support to 46.5 million families and children living in 22.7 million American households.
Walls have a strong political connotation in post-war Europe. The most tragically famous was the Berlin wall built in 1961 to prevent citizens of the DDR (otherwise known as East Germany) from seeking refuge in the West.
A survey of about 1,500 extremely disadvantaged families in Boston, Chicago, and San Antonio shows teenagers go without food twice as often as their younger brothers and sisters.
Older Americans with less money and education are much more like to suffer from chronic pain than wealthier adults with more education.
Donald Trump proclaimed during his inaugural address, “When you open your heart to patriotism, there is no room for prejudice.”
In a recent study, American participants placed Muslims and Mexican immigrants significantly closer to the ape-like ancestor than Americans as a whole.
Donald Trump tweeted on Jan. 6 that “any money spent on building the Great Wall (for the sake of speed), will be paid back by Mexico later.”
Access to health insurance can help hold a community together socially, and lack of it can help fray neighborhood cohesion, report researchers.
As Donald J. Trump assumes the presidency and lays out his agenda for our country, he will likely proclaim himself, as he did in the campaign, the voice of "the forgotten Americans."
A new Oxfam Report has a number of startling claims about wealth inequality around the world – the world’s eight richest people control the same wealth as the poorest half of the globe’s population
One of the greatest political challenges in the 21st century is coming up with a welfare system which is both effective and fair.
The racial health gap in the United States is well-documented. The gap starts with the infant mortality rate (11.1 blacks vs. 5.1 whites per 1,000) and extends to almost any health domain.
Young people entering the workforce today are far less likely to earn more than their parents when compared to children born two generations earlier, new research shows.
Since social scientists and economists began measuring poverty, its definition has never strayed far from a discussion of income.
Is it okay to talk to your young children? To read them stories at bedtime, discuss the flowers by the bus stop, be attentive as they describe their day? Let’s try another tack.
New research links income inequality with greater civic engagement among young people—particularly among young people of color and those of lower socioeconomic status.
Teachers communicate with parents based on their racial and immigrant backgrounds—not just their child’s academic performance—research finds.
A common argument for the decline in employment in recent years is that more workers are dropping out of the labor force to live off public benefits, particularly Social Security Disability Insurance (SSDI).
Dear Bob, It’s been 35 years since your death, yet no other singer or songwriter has articulated both the condition of the marginalized and the humanistic potentials of psychic decolonisation more than you.
Donald Trump may have won the American presidency by promoting himself as the candidate for the common people to overthrow the Washington establishment, but this recent populist surge is certainly not the country’s first.
In all parts of the United States, the number of neighborhoods that are home to a mix of black, white, Asian, and Hispanic residents is growing.
If there’s one thing that nearly all economists agree on, it’s that getting rid of trade restrictions is generally good for a country’s economy.
In a recent issue of The Economist, President Barack Obama set out four major economic issues that his successor must tackle
Sophisticated eye-tracking technology shows that preschool teachers “show a tendency to more closely observe black students, and especially boys, when challenging behaviors are expected.”
New research may explain why American children resist their parents’ instructions to share.
Gender bias can influence how supervisors view a manager’s long-term potential, a new study shows.
Over the course of four years, at least 5,000 Wells Fargo employees opened more than a million fake bank and credit card accounts on behalf of unwitting customers.
Police killings of African-Americans on social media have become the visual hallmark of our time. This decade will be recalled through blurry cellphone and dash-cam videos of shootings. But how will it be remembered?
Last week, Congress engaged in a bipartisan barrage of CEO bashing.
Scorpion met Frog on a river bank and asked him for a ride to the other side. “How do I know you won’t sting me?” asked Frog. “Because,” replied Scorpion, “if I do, I will drown.” Satisfied, Frog set out across the water with Scorpion on his back. Halfway across, Scorpion stung Frog. “Why did you do that?” gasped Frog as he started to sink. “Now we’ll both die.” “I can’t help it,” replied Scorpion. “It’s my nature.”
Donald Trump poses as a working-class populist, but about his new economic plan would be a gusher for the wealthy. And almost nothing will trickle down to anyone else.
This week on the presidential campaign trail, Donald Trump took a big step out of traditional Republican territory to propose a federal solution to the high cost of child care. His plan suggests utilizing the tax code to give a break to working parents with young kids.
A dramatic decline in the density of US labor unions since the 1970s has resulted in lower wages for both union and nonunion workers, a new study suggests.
There is growing evidence that inequality is increasing not only in Australia but internationally within the advanced industrial economies. The age of endless growth in prosperity for everyone is a distant memory of a more hopeful age.
What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? To prevent Wall Street banks from excessive gambling? To nudge CEOs into taking a longer-term view? To restrain runaway CEO pay?
Leading economic think-tank the institute of Fiscal Studies has warned that “middle-income families are the new poor” – a damning indictment of the way poverty in Britain has spread far beyond groups that are traditionally considered poor.
Inequities in wealth and income are one of the biggest social, economic and political challenges of our time. It’s important to address these inequities for three key reasons.
Earlier this year, I wrote about a cache of bitter writings by Woody Guthrie that I had discovered while conducting research for a book on the balladeer.
Here are some conclusions from a recent economics research paper. Do you think the authors are from some left-leaning think tank full of malcontents?
In what might be the most contentious election campaign season yet, the main presidential candidates seem to agree on at least one issue – that the policy around child care for American families needs improvement.
A recent UNICEF report found that the U.S. ranked 34th on the list of 35 developed countries surveyed on the well-being of children.