However, what Rawls clearly does not think is that so long as we have social mobility we can be indifferent to how
much income inequality there is - that this is somehow, as Clegg suggests, not relevant to fairness.
In short, politics can and does significantly affect how
much income inequality there is, even in our globalized / globalizing economy.
Not exact matches
Truth be told, wealth
inequality has traditionally been even more skewed than
income inequality in the U.S., and hasn't quite widened quite as
much in the last four decades.
Then the
inequality — the fact that so
much of this is going to the people at the top — cuts the growth rate for the median
income per person down from 0.8 to 0.4.
With
incomes falling and
inequality rising especially for most millenials and plurals (the majority of buyers by 2035), rents and housing are unlikely to go up
much more.
Since there's a lot of
inequality within labor's share of national
income, this development won't reduce
inequality that
much.
Public companies for the first time this year must disclose how
much more they pay their chief executive than their median employee, a rule born in the wake of the financial crisis and amid a social backlash against rising
income inequality.
I think the mechanism is fairly easy to understand and has already been
much discussed, for example well over 100 years ago by John Hobson who showed how rising
income inequality can cause both higher savings and lower opportunities for productive investment.
There are a lot of ways to measure economic
inequality (and we'll be discussing more on Fact Tank), but one basic approach is to look at how
much income flows to groups at different steps on the economic ladder.
While Central Banks argue, with
much justification, that such policies have reduced
income inequality by bringing down unemployment, the effect has been to exaggerate wealth
inequality.
This is adding to the larger issue of
income inequality: while
much of the world's population struggles to earn more, or has even backslid, a very small sliver has become fantastically rich.
From World War II until the 1970's — the same era during which
income inequality has historically low — political partisanship was
much more muted than it is today.
Still, many people will say that while the U.S. economic system may generate a lot of
inequality, it also generates
much higher
incomes than any alternative, so that everyone is better off.
We finally have a pope that gets to the root of
much of our present woes of
income inequality and corporate rapaciousness and this OxyContin cretin is compelled to blovate on the wisdom of the best pope we've seen in 50 years.
The press makes
much of the «growing
income inequality» between the poor and the nonpoor.
It's a tax that only affects the very wealthy, it taxes
income that can otherwise go untaxed, people with vast amounts of wealth are already able to minimize its impact, and it helps to increase social mobility (reduce
income inequality) by preventing the ultra wealthy from hoarding too
much wealth.
Of course, if
income inequality is
much more amenable to political control than you suggest, then we clearly have some reason to be critical of New Labour's record - even while acknowledging its achievements in terms of reducing poverty and at least holding the line on
inequality.
It's a tax that only affects the very wealthy, it taxes
income that can otherwise go untaxed, people with vast amounts of wealth are already able to minimize its impact, and it helps to increase social mobility (reduce
income inequality) by preventing the ultra wealthy from hoarding too
much...
It seems to me that some «traditional egalitarians» risk missing a really important point the public's belief in «fair
inequality» ends up around the 10 - 1 and 15 - 1
income differentials - ie
much much less unequal - though they are also just interested in how the
much larger differentials come about as about their scale.
While there are undoubtedly many projects funded with UK aid that bring genuine and
much - needed benefit to people living on the lowest
incomes in the world, there's also a trend in ones that actually help tilt an already uneven playing field further in favour of the rich, entrenching
inequality and corporate power.
If Brexit means that people care about the places they'd never heard of before (Sunderland, Hartlepool, Spalding), if Brexit means that embarrassing levels of
inequality are considered a problem, if Brexit means that those in charge realise that a sense of community and of job satisfaction matter as
much as
income to live on, then 2017 may the long overdue — a year when we start to address these challenges.
Then, sounding very
much like de Blasio, who couches every policy in the rhetoric of
income inequality, Cuomo said, «An economy that polarizes and isolates, an economy of the lucky and the left out, the haves and the have nots, an economy, where if you are born poor, you will probably die poor, that is not the American way.»
The paper, «How
much inequality in
income is fair?
The findings likely come at a crucial time in examining
income inequality because Harvard researcher Robert Putnam and others have found it is
much more difficult today than it was 50 years ago for children of low socioeconomic status to advance up the ladder.
The United States dropped four spots from last year and ranked
much lower than most places with a comparable economy, largely due to declining life expectancy, rising suicide rates, a worsening opioid crisis, and greater
income inequality.
We focus here on the central concern of the Moynihan Report: the rise of single - parent families, which has been
much more rapid among those with low
incomes than among those with high
incomes, and indeed has fueled some of the increasing
income inequality.
Children from affluent families are
much more likely to attend private schools than those from middle -
income or low -
income households; and the gap has been widening in recent decades (likely a reflection of broader economic
inequality).
«Growing
income inequality has affected where families live and how
much money they can spend to nurture their children's abilities.»
While there is disagreement about how
much economic
inequality exists in the United States, about 45 percent of teachers and nonteachers believe the government ought to act to reduce
income differences.
Albert Shanker, the head of the AFT from 1974 to 1997, believed that teachers» unions should be affiliated with the AFL - CIO in part because teachers could do a
much better job of educating students if educators were part of a coalition that fought to reduce
income inequality, and provide for better housing and health care for children.
Given how
much educational inequity is linked to factors outside the education system, such as growing
income inequality and housing segregation, it may be asking too
much of schools to expect them to single - handedly eliminate the effects of these inequities.
You know how nobody who complains about
income inequality thinks they personally have too
much money?»
The change, however, has raised questions whether the tax increase would produce as
much additional revenue as the Liberals expect, or if it would address
income inequality.
There was also
much less
inequality in both
income and wealth during this time period as compared to now.
Further, spatial displacement of old stuff to make room for new stuff is increasingly costly as the world becomes more full, and increasing
inequality of distribution of
income prevents most people from buying
much of the new stuff — except on credit (more debt).
Older people are at
much higher risk of dying during extreme heat events.136, 50,241,233 Pre-existing health conditions also make older adults susceptible to cardiac and respiratory impacts of air pollution25 and to more severe consequences from infectious diseases; 257 limited mobility among older adults can also increase flood - related health risks.258 Limited resources and an already high burden of chronic health conditions, including heart disease, obesity, and diabetes, will place the poor at higher risk of health impacts from climate change than higher
income groups.25, 50 Potential increases in food cost and limited availability of some foods will exacerbate current dietary
inequalities and have significant health ramifications for the poorer segments of our population (Ch.
Our priorities include
much - needed changes to provincial policing, provincial corrections, access to justice, family law, human rights, democratic institutions, mental illness and addiction, poverty and
income inequality, and government compliance.
With family breakdown regarded as one of the most central causes of poverty, the research adds to growing evidence that parenting programs have
much to offer across a number of policy settings aimed at reducing
income inequality and its effects.