Posts filed under “Wages & Income”
Technology is advancing in leaps and bounds — and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. Freeland lays out three problems with plutocracy … and one glimmer of hope.
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world’s leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design — plus science, business, global issues, the arts and much more.
Hat tip Panskeptic
Click to enlarge Source: Merrill Lynch I meant to get to this last week but travel (a/k/a Nasdaq Freeze) got in the way “After collapsing in 2008-10, net worth is booming again and has now surpassed the 2007 peak. A generous take on this is that the dollar value of wealth has now fully…Read More
In 2011, I posed the question “Is McKinsey & Co. the Root of All Evil ?” This was not a tongue-in-cheek query, but rather, a look at how so many recent disasters traced their origins back to McKinsey & Co. Which brings us to the latest issue negatively affecting the United States, skyrocketing CEO pay…Read More
The Path of Wage Growth and Unemployment Mary C. Daly, Bart Hobijn, and Timothy Ni July 15, 2013 After the Great Recession, the fraction of U.S. workers whose wages were frozen reached a record high. Many employers would have preferred to cut wages, but couldn’t do so because of the reluctance of workers…Read More
Watch both of these, but the 2nd one is the killer:
Fast food workers agitate for higher wages and the right to unionize.
Fast food workers demand increased wages and financial analyst Neil Cavuto shares details of his first job.
Household Wealth: Has It Recovered? William T. Gavin Federal Reserve Bank of St. Louis Economic Synopses, 2013, No. 16 Adjusting for inflation, population growth, and a risk-free real interest rate shows there is still a substantial gap between the peak of household wealth in 2007 and the level today. The 2012:Q4 flow…Read More