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Latest Economic inequality Stories

2014-04-22 04:21:08

Vast majorities count loss of manufacturing jobs going overseas, tax system, influence of big business and very rich individuals among the causes of inequality NEW YORK, April 22, 2014 /PRNewswire/ -- A strong majority of Americans believe economic inequality in the U.S. today is a problem (79%), with over half believing more specifically that it's a major problem (54%). Overall, the perception of economic inequality being a problem in the United States has changed little from 2012 (80%)....

2014-01-03 15:51:23

Global energy inequality lessens, but for how long? The 18th century writer Adam Smith provided a workable metaphor for the way society utilizes resources. In his book "The Wealth of Nations," he argued that even as individuals strive, through personal industry, to maximize their advantage in life, they inadvertently contribute---as if under the influence of a "hidden hand"---to an aggregate disposition of wealth. Well, if Smith were a physicist and alive in the 21st century he might be...

2013-10-03 16:07:32

Wealth inequality can encourage people to cooperate when they would otherwise have no incentive to do so, according to a new study published in Nature Communications. "In many groups and societies, the temptation to defect is high, which means that cheaters are much better off than cooperators," says IIASA researcher Ulf Dieckmann, who worked on the study along with IIASA researcher Ádám Kun. For example, he says, if a train ticket is very expensive and the probability that cheaters are...

2013-03-19 23:02:52

Reece Freeman, of ChooseWhat.com, introduces why a "Living Wage" makes more sense than "Minimum Wage" for small businesses after President Obama's call to raise the minimum wage to $9 an hour. Austin, TX (PRWEB) March 19, 2013 At this year´s State of the Union address, President Obama laid out a series of plans for the first year of his second term. One of the most controversial ideas introduced was the plan to raise the minimum wage from $7.25 to $9.00 per hour and tie this wage to...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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