Tag Archives: inequality

Is the USA turning into a third world country?

In 1980, adults in the top 1 percent earned on average 27 times more than bottom 50 percent of adults. Today they earn 81 times more. This ratio of 1 to 81 is similar to the gap…. in the world’s … Continue reading

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How economists use the word ‘only’

“The poorest half of the population still owns nothing… the wealthiest 10% now own only two thirds of what there is to own rather than nine- tenths.” Thomas Piketty Capitalism in the Twenty- First Century

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