Tag Archives: income inequality

The United States of Economic Insecurity

Interesting tables in the Real World Economics site this morning, which show that 45% of US families are in a state of significant economic insecurity, finding it hard for their incomes to cover their operating costs. Almost half of all … Continue reading

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Occupying Wealth Creation

Some time in the 1960s, politics became cultural. I guess this had advantages and a lot of positive things came out if it. But we lost sight of the fact the political systems rest on economic foundations, that politics shapes … Continue reading

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Economic Pyramid

An interesting poster from 1911 from the US Industrial Workers of the World or ‘Wobblies’, which seems strangely topical, along with the FDR quote, though, as usual, I post to provoke thought, not orthodoxy. ‘These unhappy times call for the … Continue reading

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Gini Index 0.38!: Another Occupy Wall Street Slogan

I guess one of the ways that Occupy Wall Street needs to become more economically literate is by knowing about the Gini Index, which measures inequality. The Gini Index is 0 if everyone has the same income, and 1 if … Continue reading

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Vain Citadels aka Gated Communities: ‘A Cave is a Grave’ from @ Kyrie Eleison

My recent posting on the ratio of CEO to average worker income brought a stream of great commentary. Here is another comment from @Kyrie Eleison that I am posting as a guest blog in its own right. I particularly liked … Continue reading

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Ratio of CEO Pay to Average Worker by Country

Stellar statistics table from my friend Matt of the ratio of the average pay of Chief Executive Officers (CEOs) and average workers: So far as I can tell the CEOs concerned in this comparison are those of largest public companies: … Continue reading

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Economic Conflict: Middle Class Income Squeeze: Post Reagan

If you are American and middle class, not rich, this graph may help explain why you might have been feeling a little squeezed in the last few decades post Ronald Reagan. It shows the income share of national income going … Continue reading

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