Is the Gender Pay Gap Closing?
For decades, there has been talk of equal pay for equal work. However, for all the progress that has been made regarding the advancement of women in the workplace, women are still likely to be paid...
View ArticleHow to Rebuild U.S. Incomes
President Obama deserves at least two cheers for his recent economic address. In an unusually clear-eyed assessment of how the economy has shaped our current politics and national mood, he traced most...
View ArticleWhat Misfiring America Can Learn From Europe
The fact that GDP growth in the United States currently outpaces European growth by a large margin might lead one to believe that America’s economic future is brighter than Europe’s. Nothing could be...
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Want to Fix Income Inequality? Relink Wages to Productivity
Income and wealth inequality is the inevitable outcome of capitalism. Policymakers who seek to ease inequality need to apply proven remedies without diminishing the normal market elements of...
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Ten Facts on Africa’s Middle Class
1. Africa’s middle class, which numbered 115 million in 1980, has grown to 326 million in the past three and a half decades, according to The African Development Bank. 2. African’s new middle class...
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The Terrible Truth About Income Inequality
Economic inequality has emerged as the central political challenge of the 21st Century. U.S. Senator Bernie Sanders (Independent-Vermont) recently asked Federal Reserve Chairwoman Janet Yellen a...
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U.S. Declinism or Constructivism?
Whenever an author criticizes the United States these days, an American-inspired thought police quickly raises the charge that this person is a “declinist.” That charge is leveled to signal that either...
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Brazil and the United States: So Different, Yet So Similar
For the next month, you will be reading, seeing and hearing a lot more about Brazil, the host of the 2014 World Cup. You will witness our nation’s passion for soccer, the beauty of the locations where...
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Reforming Democracy and the Future of History
In 1975, a report prepared by the Trilateral Commission, The Crisis of Democracy, signaled the pessimism and defeatism prevailing in Western democracies at the time about the future and sustainability...
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The World’s Millionaire Stock Is on the Rise
by The Globalist 1. Altogether, there were 13.73 million millionaires in the world in 2013, compared to 11.97 million in 2012. 2. The number of millionaires worldwide rose by 14.7% between 2012 and...
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The World Bank: The Data Gatherer That Did Not Gather Data
by Bernard Wasow Any good servant knows to steer clear of family fights. Why should this be less true of public servants? So it is that the World Bank – which serves the countries of the world –...
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Reining in Corporate Tax Evasion
by Uwe Bott The most innovative part about this age-old problem is the ever-changing vocabulary that has been created to describe it. Tax evasion has become tax “avoidance.” The latest cause célèbre is...
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Social Mobility: Why Grandparents Matter So Much
by The Globalist 1. On balance, education, hard work and getting a good job are less important than having had the right ancestors. 2. While one doesn’t get to choose one’s grandparents, few if any...
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Pope Francis on Income Inequality
by The Globalist 1. “Young friends, you have a particular sensitivity towards injustice, but you are often disappointed by facts that speak of corruption on the part of people who put their own...
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A Tale of Three Americas
by Beat Guldimann Julius Caesar’s treatise on the war that the Roman Empire fought against the Gauls famously starts with the words: “All Gaul is divided into three parts.” The same is true for the...
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U.S.: Rich Get Richer, Everyone Else Pays Taxes
by The Globalist 1. The 400 people with the highest adjusted gross incomes In the United States made, on average, $202 million each in 2009, according to IRS data. 2. The top 400 paid an average U.S....
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New Approaches to Inequality
by Hazel Henderson A set of recent studies reveals the shocking increase in inequality globally, both between and within countries. Anti-poverty economic policies since World War II have done little to...
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The Low-wage, Low-education U.S. Future?
by The Globalist 1. The bottom 20% of U.S. workers by income – 28 million workers – earn less than $9.89/hour. 2. $9.89/hour translates to $20,570 a year for a full-time employee. 3. The median U.S....
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Germany: What Makes A Nation Rich or Poor?
by The Globalist 1. While Germany has held its own in the midst of the European crisis, Germans are less wealthy on average than those in many of the nations they are bailing out. 2. With average...
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Guide to 2014: Global Issues
by The Globalist 1. Religion Living Where You Don’t Make the Rules Faith and cultural change in the age of globalization. By Ambassador Ebrahim Rasool 2. Terrorism How U.S. Drones Miss Their Target...
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