Dedicated to the notion that our world would be considerably more caring, prosperous, and democratic if we narrowed the vast gap that divides our wealthy from everyone else.
We always get what we measure. And if we measure inequality with a yardstick that only wonks can decipher, we’ll end up with a society too confused about inequality to do anything meaningful about it. Thanks to Chilean economist Gabriel Palma, we do have an alternative.
The chase after the global super rich is leaving the world’s choicest cities nastier places to live for anyone without a grand fortune.
Baseball’s top hitter and Wall Street power suits both ply their trades in a high-speed world. That hitter will make over a quarter-billion in the next decade. The top suits stand to ‘earn’ astonishingly more.
The new Toronto-based Wagemark campaign is aiming to change the global conversation on CEOs, workers, and the real value of their labor.
Heiress Bunny Mellon didn’t promise us a rose garden. She gave us one. We would have been better off with more equality instead.
Let’s learn from our not-so-distant past and share the gold. New technologies don’t have to bring us new inequalities.
A century ago, just like today, the rich dominated American economic and political life. But by the mid 20th century a mass middle class had shrunk this rich down to democratic size. How did that ever happen?
This American Library Association “outstanding title” of the year explores the price we pay for massive inequality. Now available for reading online.
By every measure that matters, relatively equal nations outperform nations where income and wealth concentrate at the top. This powerful new book explores these contrasts — and explains them.
“Look around Wall Street. You’ll find tribal insularity, short-term thinking, personal irresponsibility, cynicism about playing by the rules, an aversion to socially productive labor, a habit of shameless materialism, an inability to defer gratification, and a lack of concern for what ‘message’ all this sends to the youth raised in such an environment. In short, you’ll find the very things typically imputed to the culture of poverty.”
Eric Liu, How America is rigged for the rich, CNN, April 9, 2014
CEOs of major American corporations last year took home over twice the pay of their German counterparts, concludes a new Towers Watson analysis. The German top execs walked off with an average $8.2 million. The U.S. CEO average: $17.9 million. CEOs at major European firms outside Germany averaged $9.6 million.
Power pups . . . A Samsung-Apple face-off on executive pay . . . FEMA plays favorites on the luxury side.
Top media outlets and business researchers annually release compensation surveys that detail executive pay levels over the preceding year. These surveys seldom sample the same corporations — or measure pay the exact same way — and, consequently, almost always generate somewhat different results. We sum up the latest top national and regional survey results here.