Topic filter : Inequality

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....This year's report also contains a chapter titled "restoring American happiness", which examines why happiness levels in the United States are falling, despite constantly-increasing economic improvement. "The United States can and should raise happiness by addressing America's multi-faceted social crisis - rising inequality, corruption, isolation, and distrust - rather than focusing exclusively or even mainly on economic growth," the authors said. ... [Read full article on BBC ]
Monday 20th of March 2017 08:43:03 AM
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.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:27 AM
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....Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 01:21:15 PM
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....The idea of a tax on robots was raised last May in a draft report to the European parliament prepared by MEP Mady Delvaux from the committee on legal affairs. Emphasising how robots could boost inequality, the report proposed that there might be a “need to introduce corporate reporting requirements on the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions”. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 11:18:12 AM
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.... Since the proportion of food in the total spending of people on lower incomes is higher than that of people with larger incomes, such taxes tend to be regressive: proportionately the poorest pay more. The net result is obvious: the tax systems in tax havens tend to reinforce inequality rather than tackle it. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:30:42 PM
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....Oxfam said the creation of so many new billionaires in one year was a sign of “economic sickness rather than health”. “Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. ... [Read full article on Guardian ]
Monday 20th of March 2017 12:28:52 PM
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....And that in itself is not bad, but it works only if there is the option of working those hours. But what if automation reduces national employment by 20%? What happens to those people who are left out? On the current welfare system we would see massive gaps in inequality and a pretty horrific change in the look of our society. ... [Read full article on Guardian ]
Saturday 18th of March 2017 09:01:55 PM
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....The government said the wider household data showed the UK economy was strong. Household incomes have risen, income inequality is lower than in 2010, and the number of children in workless households has fallen. ... [Read full article on Guardian ]
Thursday 16th of March 2017 02:45:20 PM
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.... . "The period since the recession has been defined not by sharp rises in inequality or poverty, but historically slow growth in average incomes - in 2015-16 average income for working-age adults was no higher than eight years previously. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:20:14 AM
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....The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. But in recent years, the chaebols and their family members have become the focus of public anger over inequality and corruption. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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. Governments must push through more fundamental reforms to boost growth, cut inequality and protect workers from rapid changes in technology if they are to win back the trust of voters, the west’s leading economics thinktank has warned. ... [Read full article on Guardian ]
Friday 17th of March 2017 02:40:37 PM
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.... The leave is given to the mother and she gives to the guy if she wants. That communicates a really unfortunate message – which is a foundation of gender inequality in our society – that caring is a women’s role. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:23:33 PM
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Latest Finance News related to Inequality

Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... Since the proportion of food in the total spending of people on lower incomes is higher than that of people with larger incomes, such taxes tend to be regressive: proportionately the poorest pay more. The net result is obvious: the tax systems in tax havens tend to reinforce inequality rather than tackle it. ...
Call to give fathers allocated leave to improve uptake image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:23:33 PM
.... The leave is given to the mother and she gives to the guy if she wants. That communicates a really unfortunate message – which is a foundation of gender inequality in our society – that caring is a women’s role. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
....The idea of a tax on robots was raised last May in a draft report to the European parliament prepared by MEP Mady Delvaux from the committee on legal affairs. Emphasising how robots could boost inequality, the report proposed that there might be a “need to introduce corporate reporting requirements on the extent and proportion of the contribution of robotics and AI to the economic results of a company for the purpose of taxation and social security contributions”. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....The trial is significant because South Korea's family-controlled conglomerates, or "chaebols", used to be considered untouchable given they have powered much of the country's economic growth. But in recent years, the chaebols and their family members have become the focus of public anger over inequality and corruption. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....Oxfam said the creation of so many new billionaires in one year was a sign of “economic sickness rather than health”. “Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....This year's report also contains a chapter titled "restoring American happiness", which examines why happiness levels in the United States are falling, despite constantly-increasing economic improvement. "The United States can and should raise happiness by addressing America's multi-faceted social crisis - rising inequality, corruption, isolation, and distrust - rather than focusing exclusively or even mainly on economic growth," the authors said. ...
An automated world is coming but can we make sure no-one is left behind? | Greg Jericho image
....And that in itself is not bad, but it works only if there is the option of working those hours. But what if automation reduces national employment by 20%? What happens to those people who are left out? On the current welfare system we would see massive gaps in inequality and a pretty horrific change in the look of our society. ...
Governments must keep reforming to win back voters' trust, says OECD image
Source : Guardian [Read Article] Friday 17th of March 2017 02:40:37 PM
. Governments must push through more fundamental reforms to boost growth, cut inequality and protect workers from rapid changes in technology if they are to win back the trust of voters, the west’s leading economics thinktank has warned. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
....The government said the wider household data showed the UK economy was strong. Household incomes have risen, income inequality is lower than in 2010, and the number of children in workless households has fallen. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
.... . "The period since the recession has been defined not by sharp rises in inequality or poverty, but historically slow growth in average incomes - in 2015-16 average income for working-age adults was no higher than eight years previously. ...
Ultra-rich protect wealth with spread of 'family offices' image
Source : BBC [Read Article] Thursday 16th of March 2017 01:44:49 AM
....These family offices "play a crucial role" in how advantages are handed on between generations, with full-time staff able to make long-term, strategic planning, says the study. "The rise of elite dynasties, economic inequality, and the vast concentrations of global wealth in recent times means that the role of the 'family office' in our society demands scrutiny," says Dr Glucksberg. ...
Marked down image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:14:06 AM
....Their overall marks also decreased disproportionately. As a result, the researchers conclude that "the anti-corruption campaign resulted in increased inequality between poor and non-poor students" - and that it "significantly reduced their chances of entering higher education". ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
....That building site around the corner, then, embodies the ultra-capitalist dream: there are officially no workers there, only company within company within company, all taking advantage of generous capital allowances, tax-deductible expenses and self-assessment to reduce their tax burden. This scam exists, like all the others, because of the massive inequality of power between employers and their workforce, and because government turns a blind eye. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... There was nothing in this budget on tackling poor job quality or on addressing the housing crisis. Brexit is the biggest challenge the country will face in several generations, but as we gear up for this unprecedented change, we have a chancellor doing nothing but rearranging the deckchairs and locking in income and educational inequality for generations. ...
Girl statue faces Wall Street bull to fight gender inequality image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:01:19 PM
....Tourists visiting New York's Wall Street today may get a surprise. A statue of a young girl has been placed in front of Wall Street's iconic bull, to call attention to gender inequality and the pay gap in the corporate world. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....The thinktank’s upgrade for the UK came ahead of the chancellor’s spring budget on Wednesday, when he is expected to unveil a brighter outlook for the economy and public finances while making the case that he must keep back any extra money to help the UK weather uncertainties from the Brexit process. The OECD did not single out Hammond, but used its interim economic outlook on Tuesday to urge all governments to make the most of any fiscal wriggle room they have to support economic growth and to tackle inequality. ...
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
.... Asked what she wanted from the budget she says her priorities would be more money for education and the NHS. She says she wants more to be done to tackle wealth inequality between the north and the south of the country, but also argues that the north-west is given preferential treatment to the north-east. ...
Trump could end global trade and force choice between US and China, says economist image
.... “He is the leading edge of where we are going, based on what we see elsewhere too. It’s a global trend, driven by weak demand and rising inequality. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
.... Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:11:34 PM
.... Will Hammond want to be responsible, not just for the nation’s parks looking dishevelled, but for pushing councils to the edge of breaching their legal responsibilities for providing mandatory services, such as children’s mental healthcare?. Here we look at what he is already scheduled to do, what rabbits might come from his hat, and what he should do to prevent inequality worsening, while putting the economy on a surer footing. ...
A budget in the shadow of Brexit leaves Hammond short of choices image
Source : Guardian [Read Article] Saturday 4th of March 2017 04:04:00 PM
.... Will Hammond want to be responsible, not just for the nation’s parks looking dishevelled, but for pushing councils to the edge of breaching their legal responsibilities for providing mandatory services, such as children’s mental healthcare?. Here we look at what he is already scheduled to do, what rabbits might come from his hat, and what he should do to prevent inequality worsening, while putting the economy on a surer footing. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....Britain is in the midst of the weakest growth in living standards in at least 60 years, with low income families faring the worst, a leading thinktank has warned. Weak earnings growth, together with changes to taxes and benefits, will lead to a rise in inequality by 2021-22, according to the Institute for Fiscal Studies (IFS). ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
.... I believe in good design, but I see this and I see huge, huge sums of money, for me staggering sums of money, being poured into these places not as homes but as investment,” says Farha. “How does it make me feel? One, too much inequality. ...
Firms urged to publish ethnic breakdown image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:12:53 AM
....A government-backed review has called for many firms to publish a breakdown of their workforce by race and pay. The report by Baroness McGregor-Smith said the economy could receive a £24bn annual boost if businesses stamped out ethnic inequality. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
....It also urged the chancellor to rethink planned tax cuts and address Britain’s regional, generational and income divides. That followed its recent analysis that current tax and benefit policies would cause the biggest increase in inequality since Margaret Thatcher’s last term in office. ...
Blair is right on Brexit: parliament must have a democratic debate | Anatole Kaletsky image
.... Immigration did rank at the top, but, as Blair noted in his speech, anti-immigration sentiment was mainly against multicultural immigration, which had little or nothing to do with the EU. The leave campaign’s strategy was therefore to open a Pandora’s box of resentments over regional imbalances, economic inequality, social values and cultural change. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
. The four richest men in Indonesia own as much wealth as the country’s poorest 100 million citizens, despite the nation’s president repeatedly pledging to fighting “dangerous” levels of inequality. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
....Brencher said: “Although mortgage rates are at record lows, qualifying for these deals and getting a deposit can be difficult for those with limited household income or unusual circumstances. Britain’s broken housing market means becoming a homeowner is a distant dream for many families and government plans must swiftly be turned into action to stem the tide of inequality. ...
The supermarket food gamble may be up | Felicity Lawrence image
Source : Guardian [Read Article] Monday 20th of February 2017 06:00:29 AM
.... In a new era of protectionism and with the UK heading out of the EU, that looks increasingly complacent. A decade ago, the Ministry of Defence predicted that changes to the climate, globalisation and global inequality would “touch the lives of everyone on the planet” within the next 20 years. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
.... Some of these new converts have alighted upon the basic income as an answer to our fragmenting welfare state. They point to the increasingly precarious nature of today’s labour market for those in low-paid, low-skilled work: growing wage inequality, an increasing number of part-time and temporary jobs, and rogue employers routinely getting away with exploitative practices. ...
Britons spend more on food and leisure, less on booze, smoking and drugs image
Source : Guardian [Read Article] Thursday 16th of February 2017 11:03:11 AM
....Wanda Wyporska, executive director at the trust, said there were often misconceptions about how lower income families spend their money, and that many people were working, budgeting and making difficult choices about which necessities to go without. “There’s a gargantuan gap in spending between the richest and poorest households because there is such huge inequality in our society. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
.... This group of baby boomers worked for employers with generous guaranteed pension schemes and can now enjoy several holidays a year, a 4x4 in the driveway and provide a deposit for their grandchild’s first home. That might be considered a good thing if it were not for the fact that the cost is unaffordable, is damaging the ability of British business to invest in the future, and fuelling inequality between generations and among the nation’s 12 million over-65s. ...
Pimlico Plumbers loses appeal against self-employed status image
Source : Guardian [Read Article] Friday 10th of February 2017 12:12:29 PM
....Employment law experts said the Pimlico Plumbers ruling would have significant implications for the ongoing dispute over employment status. Natalie Razeen, employment law solicitor at Russell-Cooke, said the decision “suggests that courts are alive to the inequality of bargaining power faced by individuals in these circumstances. ...
Democrats must do to the Dakota pipeline what they did to Betsy DeVos: resist | Kate Aronoff image
....Like the rest of the country, that rebellious base also happens to be more progressive than ever. Majorities of Americans believe the rich pay too little in taxes, want to tackle inequality and take issue with how black people are treated by police. ...
Scotland needs publicly funded bank, says thinktank image
Source : Guardian [Read Article] Monday 6th of February 2017 07:00:20 AM
.... “UK government austerity is bad enough; reducing the budget further through excessive debt repayments is self-inflicted damage,” he added. Laurie Macfarlane, an economist at the New Economics Foundation, said: “Meeting the key challenges of the 21st century – climate change, demographic change and economic inequality – requires substantial amounts of long-term and sustainable investment,, but relying on expensive private financing schemes has saddled taxpayers with eye watering costs and poor quality outcomes. ...
Rising incomes mean nothing if prices rise even faster | Letters image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:05:43 AM
. As with so many pieces about levels of inequality (“If all the economic figures are so good, why do we feel so bad?”, Comment), Torsten Bell concentrates too much on income levels. ...
Britons to suffer biggest rise in inequality since Margaret Thatcher, warns think tank image
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UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
. Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
....But there have been other lapses, too. For example, political obstacles to comprehensive economic policymaking in many advanced economies have undermined the implementation of structural reforms and responsive fiscal policies in recent years, holding back business investment, undermining productivity growth, worsening inequality, and threatening future potential growth. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
....US statisticians are concerned that Donald Trump’s administration might suppress or manipulate public statistics that don’t fit his narrative of the truth, the Guardian has learned. In a series of interviews, individuals who have recently left high-level positions at federal statistical agencies expressed worry that the administration may stop collecting and publishing data on subjects such as abortion, racial inequality and poverty. ...
Brexit has allowed the banks to get off Britain's naughty step image
Source : Guardian [Read Article] Sunday 29th of January 2017 04:00:28 PM
....“All of the efficiency gains since then, as a result of the new information technologies, globalisation, and other developments, have been captured by those who run the industry and not shared with consumers. This has been one of the single largest contributors to worsening income inequality. ...
Want to know how society's doing? Forget GDP – try these alternatives | Mark Rice-Oxley image
.... You can’t eat a Treasury bill, after all. One of the lessons of the 20th century was that inequality breeds revolt and revolutions never end well. ...
Tobacco giant Imperial Brands rethinks CEO's pay rise after revolt image
Source : Guardian [Read Article] Thursday 26th of January 2017 10:31:52 AM
....”. During Theresa May’s campaign to become prime minister she highlighted pay inequality. ...
Gender pay gap starts early with 20% disparity in pocket money – study image
Source : Guardian [Read Article] Tuesday 24th of January 2017 12:01:31 AM
....50. The report, which is conducted annually and is based on online surveys with 2,000 schoolchildren, reveals not only the inequality between boys and girls in terms of hard cash, it also indicates the different messages parents give their sons and daughters about money and financial management. ...
'There's a danger of a generation who can't afford to retire' image
Source : Guardian [Read Article] Monday 23rd of January 2017 08:05:59 AM
....{{callout link two}}. It’s my intention to reflect as many of those experiences as possible – but also to ask why we have arrived at this point of enormous wealth inequality between both peers and generations, and what happens next. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
....There was, however, not much evidence that the bankers, the oil company executives and the Silicon Valley tech entrepreneurs were listening. They know they are supposed to wring their hands about inequality and to say that something must be done to stem the tide of populism but they are not prepared to countenance anything that might help, such as higher minimum wages, more collective bargaining, higher taxes to pay for an expansion of education and training, and greater redistribution. ...
Brad Pitt and Angelina Jolie: faces of the new 'global citizen class'? image
Source : Guardian [Read Article] Friday 20th of January 2017 05:50:56 PM
....Wealth-X said the number of rich people with more than five homes could easily be far higher than 21,000, because its research was compiled from publicly available data and would not count homes bought via trusts, offshore companies or owned in the name of a spouse or other relative. Oxfam, which this week said the world’s eight richest people control the same wealth between them as the poorest half of the global population, said the growing property portfolios were another sign of the global inequality crisis. ...
Companies must share benefits of globalisation, Theresa May tells Davos image
Source : Guardian [Read Article] Thursday 19th of January 2017 11:21:27 AM
....Theresa May has told the world’s biggest companies they need to start paying their taxes and treat their workers more fairly in order to address the concerns of those who feel left behind by globalisation. In a keynote speech to the World Economic Forum, the prime minister said governments could not rely on international market forces to deliver prosperity for everyone and action was needed to address the “deeply felt sense of economic inequality that has emerged in recent years”. ...
Middle classes in crisis, IMF's Christine Lagarde tells Davos 2017 image
Source : Guardian [Read Article] Wednesday 18th of January 2017 11:51:21 AM
. The head of the International Monetary Fund, Christine Lagarde, has called for urgent action to tackle a “middle-class crisis” hitting working people as she warned that inequality, distrust and a lack of hope were fuelling growing populism. ...
Globalisation has made the world a better place | Jim O'Neill image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:07:59 AM
.... Despite its supposed economic challenges, China will likely be a bigger importer than the EU before this decade is over, and it will probably surpass the US soon thereafter. Moreover, economic inequality among countries has declined sharply in the past 20 years, owing partly to China’s rise, as well as to economic development across Asia, Latin America and elsewhere. ...
Top bosses question benefits of globalisation, PwC survey finds image
Source : Guardian [Read Article] Monday 16th of January 2017 06:30:16 PM
. Executives running the world’s leading companies share public scepticism about the benefits of globalisation and doubt whether breaking down barriers to trade has helped tackle climate change or inequality. ...
IMF upgrades UK forecast but notes Brexit terms are 'unsettled' image
Source : Guardian [Read Article] Monday 16th of January 2017 02:00:25 PM
....The IMF used an update to its economic forecasts to highlight popular antipathy towards international trade and a widening in the gap between rich and poor. It called on governments to tackle inequality by helping people find work in fast-changing jobs markets shaken up by technology and globalisation. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... But painting these individuals as the villains would be unfair. The eight include some of the world’s largest philanthropists and those, such as Warren Buffett and Bill Gates, who have spoken out against the shocking scale of inequality in the world. ...
UK economy is overheating and veering towards stagflation image
Source : Guardian [Read Article] Monday 16th of January 2017 07:00:17 AM
.... Thus while some workers will no doubt enjoy pay rises over the coming year, when combined with the food and energy effects it is unlikely that most will keep up with the rising cost of living. In 2016 the Bank of England found itself persistently on the defensive, including over government claims that its aggressive monetary policies, such as quantitative easing, have exacerbated inequality. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....6 billion people. The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election. ...
Fischer Energy joins UK retail market with 100% renewable offer image
Source : Guardian [Read Article] Sunday 15th of January 2017 04:49:38 PM
.... Experts have raised concerns that the retail energy market is approaching saturation point and question the wisdom of consumers signing up for a variable tariff at a time of rising wholesale prices. Keith Bastian, Fischer’s chief executive, said he had been motivated to start the company because of the inequality of multiple tariffs, and that offering a single tariff would reduce confusion. ...
Robotics, Trump and Brexit turn up the heat amid the snow of Davos image
Source : Guardian [Read Article] Saturday 14th of January 2017 03:59:30 PM
.... As usual there’ll be big speeches, ultra-tight security, and experts in every field under the wintry sun. There’ll also be plenty of champagne and canapes for delegates gathering in expensive hotels to discuss issues such as inequality and the backlash against globalisation. ...
China voices economic fears about Donald Trump presidency image
Source : Guardian [Read Article] Friday 13th of January 2017 06:19:18 PM
....The World Bank warned this week that a tentative pickup in the global economy is at risk from the uncertainty unleashed by Brexit and the arrival of Trump in the White House. There was also a note of caution on growth prospects from the World Economic Forum, which said before its annual meeting in Davos next week that rising income inequality posed a risk to the global economy in 2017. ...
Bleak trend of low, part-time wages in UK is revealed image
Source : Guardian [Read Article] Friday 13th of January 2017 06:01:09 AM
.... Today one in five of this group works part-time. Meanwhile the proportion of middle and high–wage men working part-time remains low at less than 1 in 20, which the thinktank said showed that earnings inequality among men had risen significantly over a single generation. ...
Earnings inequality among men soars image
Source : BBC [Read Article] Friday 13th of January 2017 12:02:29 AM
....While 95% of top-earning men normally work full-time, 20% of the lowest paid now work part-time. That means wage inequality for men has risen over two decades, but for women the opposite is the case. ...
ILO warns of rise in social unrest and migration as inequality widens image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:00:07 PM
. Rising unemployment, inequality and a lack of decent jobs have helped fuel a rise in social unrest that threatens to intensify unless policymakers take swift action, the UN’s labour agency has warned. ...
Protectionism's winds of change are blowing, but the left can make it work image
Source : Guardian [Read Article] Thursday 12th of January 2017 08:00:22 AM
....Progressive Protectionism, by contrast, aims to nurture and rebuild local economies in a way that permanently reduces the amount of international trade in goods, money and services and enables nation states to control the level of migration that their citizens desire. This approach can return a sense of optimism to the majority through championing policies geared to achieving more job security, a decrease in inequality and protection of the environment worldwide. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
. It’s that time of the year when the world’s financial and business “elite” gather in an expensive Swiss ski resort to drink champagne and declare that they are terribly worried about global inequality. ...
Rising inequality threatens world economy, says WEF image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:26:38 AM
. Rising income inequality and the polarisation of societies pose a risk to the global economy in 2017 and could result in the rolling back of globalisation unless urgent action is taken, according to the World Economic Forum. ...
Are Americans more ready to accept inequality? image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:40:39 AM
....Academics in Scandinavia think they may have the explanation. It comes down to how far Americans are happy to accept inequality. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
. Jeremy Corbyn’s idea for a maximum wage cap has been branded unworkable, but the Labour leader’s focus on tackling the pay gap between bosses and workers was given a warmer reception by campaigners against inequality. ...
UK inequality narrows but many working people are worse off image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:16:03 PM
....A report last week by the High Pay Centre named 4 January as “Fat Cat Wednesday” after it calculated that the average FTSE 100 boss earned more than £1,000 an hour, meaning it took less than three days to earn the UK average salary. The figures, which show a fall in income inequality to levels last seen in 1986, were welcomed by Philip Hammond, who said measures to support lower-income groups were having a positive effect on income equality. ...
The social divide image
Source : BBC [Read Article] Tuesday 10th of January 2017 03:09:34 PM
Spending power on the rise, says ONS image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:26:16 AM
....Matt Whittaker, chief economist at the Resolution Foundation think tank, said: "It was another strong year for living standards, particular for poorer households. Strong employment growth, low inflation and rising pensioner incomes over recent years have helped drive inequality down to its lowest level in nearly 30 years. ...
Jeremy Corbyn suggests maximum earnings limit image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:32:25 AM
....He added: "We cannot set ourselves as being a sort of grossly unequal bargain basement economy on the shores of Europe. If we want to live in a more egalitarian society and fund our public services, we cannot go on creating worse levels of inequality. ...
Jeremy Corbyn calls for maximum wage law image
Source : Guardian [Read Article] Tuesday 10th of January 2017 09:22:20 AM
....Jeremy Corbyn has called for a maximum wage for the highest earners, saying he fears Brexit will see the UK become a “grossly unequal, bargain basement economy”. The Labour leader would not give specific figures, but said radical action was needed to address inequality. ...
My new year forecast: Trumpian uncertainty, and lots of it image
Source : Guardian [Read Article] Monday 9th of January 2017 11:59:13 AM
....Not so the political events of 2016. I had been writing for years that unless growing inequality – especially in the US, but also in many countries throughout the world – was addressed, there would be political consequences. ...
The Scottish pioneer whose plan for a basic income could transform Britain image
.... Almost 15 years ago, the former Tory minister for work and pensions famously toured Easterhouse, a sprawling and disadvantaged community in the north-east of Glasgow. “People who guided him round at the time genuinely thought that he got it, that he began to understand the deep-rooted patterns of inequality that underpinned the lives of many people living there. ...
The Fourth Industrial Revolution review – adapt to new technology or perish image
.... Artificial intelligence might be super-useful, or it might constitute “an existential threat to humanity”. Biotechnology might cure all diseases, or it might create a schism of bio-inequality. ...

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