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Because it may seem counterintuitive that subnational inequality would grow in an era of globalization, this finding points to the importance of research on scale differences in inequality patterns, and on the spatial impacts of specific aspects of economic globalization, so that we can better understand how globalizing processes influence inequality—where and for whom (Kanbur and Venables ...
- 7 How Is The Movement of People, Goods, and Ideas Transforming The World
In the United States, the movement of people and freight has...
- References
Proceedings of the National Academy of Sciences of the...
- Introduction
FIGURE 4 Patrick Bartlein and his colleagues’ geographical...
- Appendixes
From the oceans to continental heartlands, human activities...
- Moving Forward
It could also negotiate with individuals, commercial...
- Summary
Increasing consumption, a growing and more mobile human...
- 3 How Are Climate and Other Environmental Changes Affecting The Vulnerabilities of Coupled Human–Environment Systems
The Chicago School is based on the pioneering work of...
- 4 How and Where Will 10 Billion People Live on Earth
In the United States, the average household size has been...
- 7 How Is The Movement of People, Goods, and Ideas Transforming The World
- Introduction
- How Unequal Is The United States?
- Why Does Inequality Matter?
- What Is The State of U.S. Economic Mobility?
- How Do Race, Ethnicity, and Gender Factor in?
- What Role Does Education Play?
- What About Tax Rates?
- What Are Some Other Drivers of Growing Inequality?
- What Are Some Policy Proposals to Address Inequality?
Income and wealth inequality in the United States is substantially higher than in almost any other developed nation, and it is on the rise, sparking an intensifying national debate. The 2008 global financial crisis, the slow and uneven recovery, and the economic shock caused by the COVID-19 pandemic have deepened these trends and challenged policym...
According to the nonpartisan Congressional Budget Office[PDF], income inequality in the United States has been rising for decades, with the incomes of the highest echelon of earners rapidly outpacing the rest of the population. Even among high earners, income gains have been heavily skewed toward the top of that bracket. The growth of CEO pay is il...
Inequality is a drag on economic growth and fosters political dysfunction, experts say. Concentrated income and wealth reduces the level of demand in the economy because rich households tend to spend less of their income than poorer ones. Reduced opportunities for low-income households can also hurt the economy. “When those at the bottom of the inc...
Americans have long prided themselves on the ability to move up the income ladder, but there are signs that U.S. economic mobility is disappearing. The fraction of Americans who earn more than their parents has shrunk from more than 90 percent of those born in the 1940s to 50 percent of those born in the 1980s. Harvard University economist Raj Chet...
The relationship between race, ethnicity, and inequality has been well-documented. Since 1960, the median wealth of white households has tripled while the wealth of Black households has barely increased. For decades, the unemployment rate among Black Americans has been roughly twice that of white Americans. Black Americans are also underrepresented...
Most high wages come from jobs that require a high level of education. In 2016, U.S. families headed by someone with a bachelor's degree earned double that of those headed by someone without, and families with a postgraduate degree holder earned nearly three times as much, according to a 2019 study[PDF] by economists at the Federal Reserve Bank of ...
The top U.S. income tax rates have been repeatedly cut over the past half century, which some experts say has contributed to growing inequality. When President John F. Kennedy entered the White House in 1961, the top tax rate was more than 90 percent. Today, the top rate stands at 37 percent. The top 1 percent’s share of income dramatically increas...
Long-term economic forces play a role, both by boosting rewards to high earners and undermining wages for low- and medium-skill jobs. Those forces, experts say, include waning worker power, increased monopolizationof the economy, and globalization. Some Americans have greatly benefited from a globalized world, whereby they can reach more consumers ...
Proposals put forward in recent years to address income and wealth inequality have included supporting unionization and raising the minimum wage; making the tax code more progressive, as well as taxing wealth alongside income; and increasing access to education, including early education and college. One tool for addressing income inequality that h...
- Anshu Siripurapu
Jul 17, 2020 · The precision-weighted average of the globalisation–inequality effect is 0.074, and the estimates based on the fixed-effects and random-effects models only deviate slightly. Considering the total population of estimates, we therefore find evidence for a small-to-moderate inequality-increasing impact of globalisation.
- Philipp Heimberger
- 2020
Jan 1, 2009 · Abstract. Globalization creates pressure for greater inequality throughout the world, but these pressures are expressed more fully in the United States than in other developed nations. Although the distribution of US income before taxes is no more unequal than other nations, after taxes it is considerably less egalitarian.
- Douglas S. Massey
- 10.1093/esr/jcn036
- 2008
- 2009/01/01
Oct 24, 2023 · Accordingly, the share of global wealth held by the bottom 90 percent has grown from 11.3 percent in 2000 to 18.2 percent in 2020. Global gains in equality become even stronger when one considers ...
Apr 11, 2019 · First, the previous waves of globalization have been quite successful in lifting a large number of people out of poverty and so we should appreciate that. The second thing is that any form of globalization will generate winners and losers. So even if you have the perfect, most optimal international trade agreements, there will always be those ...
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The richest 20% of the population now own 48.5% of the income pie compared to 40.6% in 1969 while the poorest 20% have gone from 5.6% in 1969 to 3.6%. The middle. 6. categories are quite stable. The percentage of the income enjoyed by the top fifth of families is the highest ratio since the 1920s.
