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Inequality: The rich and the rest
Keywords:
A recent book "The Spirit Level" has become popular in Britain. It says that countries with greater disparities in income also do worse in a number of social indicators, from higher murder rates to lower life expectancy. It also affects the consensus in society which is a necessary underpinning for sustained economic development and economic growth. Inequality when it affects the middle class and reduces the size of incomes in the middle, or creates stagnation in incomes, poses large risks for society and affects economic growth. In the US the home foreclosure crisis and the lack of bargaining power of wage earners in the middle class has created this problem. This is exacerbated by the banking crisis and bad loans in the banking system. Studies show that slow growth in college graduating rates in the USA after 1970 compared to the period 1900-1970, has increased inequality, especially with today's knowledge economy. Germany is also affected by this problem as wages for workers have remained stagnant with the labor reforms. Interestingly a combination of economic growth and payments to the poor have increased the size of the middle class and its incomes in Brazil. The austerity policies in Britain will affect incomes and income growth in Britain for the middle class. In China the gap is widening quickly between the urban areas and the rural areas. And the policy of residency permits- the hukou system-which limits internal mobility from rural areas to the cities and towns, makes the inequality all the more glaring. The lack of democratic election makes the situation worse in China compared to Brazil, because free elections in Brazil enabled leaders from the working classes such as Luiz Inacio Da Silva and Ms. Rousseff to emerge as heads of government. These leaders pursued policies that would explicitly bring a more shared prosperity in Brazil compared to the leadership in China. In China policies are determined by entrenched interests in its model of development- the state-owned companies and banks and their managers, local and government officials of the Communist party, and businesses with the networks and connections with the Communist party and local governments. This is why the ginni coefficient which measures inequality has dropped significantly in China, putting it in the rank of developing countries with poor records in equality. Inflation in China, India and Africa also affects the poor and lower middle classes to a greater extent. Current trends suggest that rebuilding the middle class in the developed countries and providing fairer distribution in developing countries will be of serious importance in coming years. Especially with the likelihood of more economic crises which tend to adversely affect the middle and lower classes disproportionately.
Growing inequality in China in 2010, after three decades of exports driven development.
10/13/2010
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
China Seeks a New Self Through an Old Method
Wall Street Journal 10/13/2010
Villagerâs Suspicious Death Ignites Fury in China
New York Times 12/28/2010
China's difficult political-economic choices in the post 2010 period.
01/06/2008
The difficult choices in the new environment- transition to a new leadership, how to change the export model without serious disruptions, how to deal with western demands for balanced global growth, dealing with the inequality and corruption generated in the kind of growth China experienced (by the fiat of the State), opening up freedom of expression to curb corruption and to provide representation for hitherto blocked out voices, transition to freedom of expression and democratic processes without serious disruption to thegrowth needed for employment and improvements in the standard of living across all parts of society and regions, reducing or channelling to constructive ends prevailing nationalistic, anti-western or anti-Japanese sentiment. The new leadership of Xi Jinping and Li Keqiang is expected to be more outward looking than than of Hu Jintao and Wen Biao and comes at atime when China needs to make some difficult choices about future direction.
Grouped Articles
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
How China Lost Its Mojo: One Town's Story
Wall Street Journal 09/16/2013
Chinaâs Economy, Back on Track
New York Times 10/04/2013
Xia Yeliang: The China Americans Don't See
Wall Street Journal 10/26/2013
Inequality, the middle class and economic growth
01/15/2011
Grouped Articles
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Americaâs Sinking Middle Class
New York Times 09/18/2013
New York Times 12/15/2013
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Bad Stock-Market Timing Fueled Wealth Disparity
Wall Street Journal 10/27/2014
In State of the Union, Obama Makes Middle-Class Pitch
Wall Street Journal 01/21/2015
Friedman reviews "Why Nations Fail" by Acemoglu and Robinson
01/15/2011
The need for an inclusive society to generate growth and create opportunities. The failure of societies which concentrate power and many in the hands of a few. The experience of Britain and the U.S. in the modern period of the age of enlightenment and the industrial revolution of the eighteenth and nineteenth centuries compared to the decline in Asia. Similiar views expressed by Adam Smith in his "Wealth of Nations," documenting the changes in Britain in the period from the feudal to the industrial period that brought progressive change and improvement in the lives of the people. The lessons for today in a period of increasing inequality in the U.S. and China, are self-evident.
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 09/12/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Bad Stock-Market Timing Fueled Wealth Disparity
Wall Street Journal 10/27/2014
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
The World Bank and the Development Research Center (DRC) Report "China: 2030"
01/06/2008
A government Chinese think tank, the DRC, and the World Bank collaborate to write a report on the best future direction for China's economy. World Bank president Zoellick's suggestion for writing this report was endorsed by Li Keqiang, who will become the new prime minister of China.
Grouped Articles
Beijing Signals a Shift on Economic Policy
New York Times 05/24/2013
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
Wall Street Journal 03/29/2010
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
China's Frugal Consumer
01/04/2010
Grouped Articles
Why the Chinese don’t spend : The New Yorker
New Yorker 01/04/2010
China Aims to Transform a Nation of Savers Into Spenders
Wall Street Journal 01/07/2010
Gadget Giant's Evolution: Make, Then Sell
Wall Street Journal 08/21/2010
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
Wall Street Journal 10/04/2011
Shoppers S-t-r-e-t-c-h Their Dollars: Stick to Lists, Shun the Brand Names
Wall Street Journal 10/04/2011
Economist Wu and the growing crony capitalism, increasing inequality, and corrupt bureaucrats in China.
03/29/2009
Wu is not optimistic about the future because he says the crony capitalists and bureaucrats want to get richer and their is a widening income gap and other problems that remain hidden because of the lack of a free media.
Grouped Articles
The Slowing of Two Economic Giants
New York Times 07/14/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Peopleâs Daily Article Appears to Rebuke Wen Jiabao
New York Times 10/27/2010
Uncertainty bedevils the best system
Unknown 04/15/2009
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Malnutrition in India, China and other parts of the developing world.
09/15/2005
Experts say 43% of Indian children under the age of 5 suffer from malnutrition. Because of poverty and general skinniness among the poor, experts say its hard for many Indians to see this in their neighborhoods.
Grouped Articles
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
Bill Gates: What I Learned in the Fight Against Polio
Wall Street Journal 11/10/2013
Wall Street Journal 12/14/2013
India, U.S. Reach Agreement on Food Stockpiling, Clearing Way for WTO Deal
Wall Street Journal 11/13/2014
World Bank Report Puts Agriculture at Core of Antipoverty Effort
New York Times 10/20/2007
Economist 09/15/2005
Luiz Inacio Lula Da Silva, Brazil's President.
01/03/2010
A former automobile worker with a difficult childhood in a one room house in rural Brazil, is elected President of Brazil.
Grouped Articles
New Candidate Set to Join Brazilian Presidential Race
Wall Street Journal 08/18/2014
Report of an Inquiry Into a Former President Rattles Brazil
New York Times 05/01/2015
Brazil Adds to Tally of Corruption Scandals With Investigation of a Former President
New York Times 07/16/2015
Brazil’s Ex-Leader, Luiz Inácio Lula da Silva, Is Held and His Home Raided
New York Times 03/04/2016
Ex-President of Brazil, Luiz Inácio Lula da Silva, Faces Charges
New York Times 03/09/2016
Brazil Workers’ Party, Leaders ‘Intoxicated by Power,’ Falls From Grace
New York Times 05/12/2016
Mexico's growing middle class in 2010-2014
01/20/2010
Mexico's recovery from the global financial crisis of 2008 and the growing middle class. The last 5 years have seen a surge in growth in three large Latin American economies Brazil, Argentina and Mexico, especially the growth of a middle class. Trade between Mexico and the U.S. now approaches the $502 billion in trade between the U.S. and China, as it increased by 17% to $461 billion in 2011. Foreign investment in Mexico's auto, retail, and aerospace sectors are success stories.
Grouped Articles
Mexico’s economy: Making the desert bloom
Economist 08/27/2011
Mexico’s economy: The cartel problem
Economist 08/27/2011
Health Battle Over Soda Flares in Mexico
Wall Street Journal 08/28/2013
In Middle of Mexico, a Middle Class Rises
New York Times 11/18/2013
As Ties With China Unravel, U.S. Companies Head to Mexico
New York Times 05/31/2014
Why Auto Makers Are Building New Factories in Mexico, not the U.S.
Wall Street Journal 03/18/2015
The shrinking U.S. middle class and what this may mean for consumption in the years ahead.
02/26/2008
If only 1.9 million hourly workers earned more than $20 per hour in April 2008, when the deep downturn that hit in October 2008 had not ocurred and the shift to part time employment and lower auto related wages was just underway, what would the numbers look like by 2010? And what does that mean for consumption? Does it prolong the downturn with demand slow to pick up? What does it mean for exports from China?
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
U.A.W. Contract With Fiat Chrysler Would Give 2nd-Tier Workers Big Raise
New York Times 09/18/2015
China's increasing support for low-income housing- 2010-2012
01/21/2010
Grouped Articles
In China, Sobering Signs of Slower Growth
New York Times 03/05/2012
Beijing Directs More Funds Toward Affordable Housing
Wall Street Journal 03/10/2011
China: Subsidized, Not Subprime
Wall Street Journal 03/26/2011
Affordable-Housing Delays Threaten China's Economy
Wall Street Journal 06/11/2011
Beijing’s migrant workers: School’s out
Economist 09/03/2011
China Turns Predominantly Urban
Wall Street Journal 01/18/2012
Comparing Occupy Wall Street and the Anti Corruption Movement of Anna Hazare in India
04/10/2009
Grouped Articles
Indian PM slams anti-corruption activist as protests over arrest spread - The Washington Post
Washington Post 08/17/2011
New Indian Party Shakes Up Politics
Wall Street Journal 12/02/2013
Indian Parliament Passes Bill Forming Anticorruption Agency
New York Times 12/18/2013
Corruption Mars Image of Change in India Elections
Wall Street Journal 04/10/2009
Defying Expectations in India, Modi Begins Key Trip to U.S.
New York Times 09/25/2014
Upstart Party Scores Victory in India State Elections
Wall Street Journal 02/11/2015
Krugman and Stiglitz on Occupy Wall Street and inequality in America
04/01/2009
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 09/12/2013
New York Times 12/15/2013
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
New York Times 04/01/2009
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
Occupy London protest
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
St. Paul's Halts Legal Bid to Evict Activists' Camp
Wall Street Journal 11/02/2011
At Occupy Protests, Bearing Witness Without Preaching â Beliefs by Mark Oppenheimer
New York Times 11/11/2011
Turning the Dialogue From Wealth to Values
New York Times 11/12/2011
New York Times 11/12/2011
Occupy Wall Street Has Plenty of Potential
New York Times 11/18/2011
Occupy Protests and the Christian Spirit
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
At Occupy Protests, Bearing Witness Without Preaching â Beliefs by Mark Oppenheimer
New York Times 11/11/2011
Turning the Dialogue From Wealth to Values
New York Times 11/12/2011
New York Times 11/12/2011
The Branding of the Occupy Movement
New York Times 11/27/2011
On Wall Street, Some Insiders Express Outrage
New York Times 12/01/2011
The "Occupy Wall Street" Movement
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
What Could Raising Taxes on the 1% Do? Surprising Amounts
New York Times 10/16/2015
The Bankers and the Revolutionaries
New York Times 10/01/2011
N.Y.P.D.âs âWhite Shirtsâ Take On Enforcer Role
New York Times 10/02/2011
Wall Street Journal 10/14/2011
St. Paul's Halts Legal Bid to Evict Activists' Camp
Wall Street Journal 11/02/2011
The Occupy Wall Street movement and inequality in America
01/15/2011
Kristof points to the excessive income inequality in America in 2011 where the top 1% own more wealth than the 90% at the bottom.
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
Income Inequality Is Costing the U.S. on Social Issues
New York Times 04/28/2015
The CNN Democratic debate transcript, annotated - The Washington Post
Washington Post 10/14/2015
What Could Raising Taxes on the 1% Do? Surprising Amounts
New York Times 10/16/2015
New York Times 11/19/2011
Gap Between Rich and Poor In Bay Area Widest in Berkeley
New York Times 11/19/2011
Black people and the Obama presidency
11/05/2008
A sense that incomes fell, job losses increased and foreclosures on homes increased for black people under the Obama presidency. The same is true for the white middle class and for other minorities. Suggesting that policies that improve the economy and conditions for all middle class and working class Americans is the best hope for all minorities.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
What would MLK say to President Obama? - The Washington Post
Washington Post 08/28/2011
Uneven Election Success for Black Politicians
Wall Street Journal 08/28/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
A Time to Reap for Foot Soldiers of Civil Rights
New York Times 11/05/2008
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Krugman on student financial aid in the U.S. and the lack of education mobility for the middle class
01/28/2009
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Americaâs Sinking Middle Class
New York Times 09/18/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The view that the burden of U.S. deficit reduction is falling on the elderly, the poor and the middle class
01/20/2010
Bernie Sanders and other leaders who see this as a problem with the plans for U.S. deficit reduction that are under discussion.
Grouped Articles
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
Bernie Sanders’s Revolutionary Roots Were Nurtured in ’60s Vermont
New York Times 07/03/2015
Similarities Aside, Bernie Sanders Isn’t Rerunning Howard Dean’s 2004 Race
New York Times 08/09/2015
Livin’ Bernie Sanders’s Danish Dream
New York Times 02/12/2016
Benjamin Friedman on high unemployment, income gaps and higher inequality, and the consequences for the social fabric of America
08/06/2010
Grouped Articles
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 09/12/2013
The Economy Needs a Bit of Ingenuity
New York Times 08/06/2010
A Look at the Global One Percent
Wall Street Journal 03/09/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Inequality in America and taxes
01/15/2011
Grouped Articles
New York Times 09/12/2013
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Economic-Ladder Concerns Trump Income Gap in Poll
Wall Street Journal 05/05/2015
What Could Raising Taxes on the 1% Do? Surprising Amounts
New York Times 10/16/2015
Donât Tax the Rich. Tax Inequality Itself.
New York Times 12/18/2011
New York Times 01/10/2012
Foreclosures in the U.S., the homeless and poverty.
01/05/2009
About 10% nationwide and 15% in the midwest of people who are at homeless shelters are there because of foreclosures according to social service agencies.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 10/11/2013
Wall Street Journal 12/31/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
New Data Muddle Debate on Economic Mobility
Wall Street Journal 01/24/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Increasing disparities in income in major U.S. urban areas in 2009-2013
01/20/2009
High unemployment and poverty in major urban areas of the US including Washington D.C. This is especially true for those without a college education.
Grouped Articles
New York Times 06/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
Wall Street Journal 10/11/2013
Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum
Wall Street Journal 12/01/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Poverty among white Americans in 2010-2015
03/11/2009
A previous generation could count on good jobs in manufacturing with only a high school education. The last two decades of globalization have hit manufacturing jobs and wages in the U.S. hard and the impact is greatest on people without a college education. Other problems aggravating income and causing poverty is the increase of dropout rates from the labor force of young white American men, the effects of drug use and the lack of stable marraiges. This creates an underclass of whites in America, similiar to the underclass among minorities.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
Wall Street Journal 09/14/2011
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
Poverty and hunger in the USA as unemployment exceeds 10%.
06/06/2009
Grouped Articles
Wall Street Journal 10/11/2013
The Less Educated Take the Worst Hit
Wall Street Journal 06/06/2009
A Better Way to Measure Poverty
Wall Street Journal 10/19/2015
Hunger in U.S. at a 14-Year High
New York Times 11/17/2009
Utility Shutoffs Climb by 5% Despite Doubling of U.S. Aid
Wall Street Journal 12/18/2009
Living on Nothing but Food Stamps
New York Times 01/03/2010
Unsettling Vision of the Future- Poverty and Hunger in America.
11/17/2009
Grouped Articles
A Better Way to Measure Poverty
Wall Street Journal 10/19/2015
Hunger in U.S. at a 14-Year High
New York Times 11/17/2009
Utility Shutoffs Climb by 5% Despite Doubling of U.S. Aid
Wall Street Journal 12/18/2009
Utility Bill Is One More Casualty of Recession
New York Times 12/20/2009
Living on Nothing but Food Stamps
New York Times 01/03/2010
New York Times 02/10/2010
Roseland on Chicago's South Side, black poverty and Obama
01/18/2009
A sense that the earlier dedication to helping Roseland and places like it that need a special kind of help is missing from the President. Obama's advisers speak of inclusiveness and helping all minorities and the working class, yet while the stimulus helped the economy after the financial crisis, the lack of help to millions of homeowners facing foreclosure worsened the situation for minorities and the struggling middle class.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Raised Hands, and the Doubts of a Grand Jury
New York Times 11/29/2014
Unrest Over Race Is Testing Obama’s Legacy
New York Times 12/08/2014
New York Times 04/20/2015
Rapidly changing fertility rates and demographics in Brazil and the rest of Latin America
01/20/2010
Brazil's fertility rate has dropped from 6.1 children per woman in 1960 to less than 1.9 in 2010. The U.S. is at 2.0, which is enough to keep the population stable. The change is visible throughout Latin America, from Chile and Mexico to Ecuador. The fertility rate in Latin America has dropped from about 6 children per woman in 1960 to 2.3 in 2010. Causes given by experts are the migration to urban areas, the changes in lifestyles, the influence of television and soap operas showing smaller affluent families, better health care, education and career choices for women. What is exceptional about Brazil is that this is happening in poor and affluent areas alike, in rural and urban areas alike.
Grouped Articles
Washington Post 10/18/2011
Tide Reverses in Latin America
Wall Street Journal 09/08/2013
Fertility rate plummets in Brazil - The Washington Post
Washington Post 12/30/2011
Returning migrants boost Mexico’s middle class - The Washington Post
Washington Post 10/02/2012
Oil Royalties Bill Ignites Protest and Divides Parts of Brazil
New York Times 11/26/2012
Inequality: The rich and the rest
Economist 01/15/2011
Winning the vote of the average farmer, the poor farmer in debt, the extremely poor in rural areas, and delivering on programs and economic growth in India.
02/17/2008
The task of building an organization behind competent and good government, and having programs to help the farmers in rural areas, the extremely poor, and farmers in debt, all work to build credibility and votes in India. This position has been taken by the Congress leaders prime minister Manmohan Singh, Sonia Gandhi, and Rahul Gandhi. Years of patient effort at the grassroots and for development if continued could payoff for the current leaders and for India.
Grouped Articles
Angry young Indians: What a waste
Economist 05/16/2013
Party Leader in India Becomes Ill After Speech
New York Times 08/26/2013
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
India's Main Opposition Party Names Candidate for Prime Minister
Wall Street Journal 09/13/2013
Campaign for Prime Minister in India Gets Off to Violent Start
New York Times 09/17/2013
Six Killed in Explosions Ahead of India Campaign Rally
Wall Street Journal 10/28/2013
Inequality in America in 2010-2014
12/06/2008
Grouped Articles
New York Times 09/12/2013
The Economy Needs a Bit of Ingenuity
New York Times 08/06/2010
New York Times 12/15/2013
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Bad Stock-Market Timing Fueled Wealth Disparity
Wall Street Journal 10/27/2014
Outside the Spotlight, Bill de Blasio Wages a War on Inequality
New York Times 01/08/2015
Increasing disparity in incomes, higher inequality and the middle class.
01/03/2010
The situation in the US, Germany, Britain, China, India, Brazil and other countries.
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
New York Times 09/12/2013
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
Americaâs Sinking Middle Class
New York Times 09/18/2013
Europe's Easy-Money Policy Snubs German Savers
Wall Street Journal 11/25/2013
Germany's Social Democrats Agree to Coalition Talks With Merkel
Wall Street Journal 10/21/2013
Changes in China's tax system to reduce inequality
01/15/2011
Grouped Articles
China Plans Tax Change to Address Inequality
Wall Street Journal 04/21/2011
New York Times 04/20/2011
Technology Widens Gap Between Rich and Poor
Wall Street Journal 05/04/2011
China's Economy Faces Three Contradictions
Wall Street Journal 06/16/2011
New York Times 11/12/2011
Mayor Bloomberg Confronts Occupy Wall Street
New York Times 11/15/2011
Prof. Xuetong of Tsinghua University, calls for less inequality, social justice and balanced development in China
01/15/2011
Grouped Articles
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Hong Kong Wealth Gap on Display in Protests
New York Times 10/05/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
New York Times 11/20/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Tom Orlik on wealth distribution in China and why increasing consumer spending would require higher incomes for the lower middle class and rural households
01/07/2010
Orlik cites a study by a Chinese university which shows 10% of the households has over 80% of the wealth, and over 50% of the households have little or no savings. This suggests that there is not much room to increase consumer spending on education, healthcare, and consumer goods for these households as incomes are too low. This may account for the insecurity felt by a large majority of households about the future. It also shows that rebalancing the global economy would require rebalancing within China, reducing inequality and improving incomes for the middle class to increase consumer spending.
Grouped Articles
Wall Street Journal 07/01/2013
The Slowing of Two Economic Giants
New York Times 07/14/2013
Wall Street Journal 07/15/2013
New York Times 12/18/2011
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Class conflict in China and widening rich-poor gap.
09/22/2009
The way in which public anger was aroused in Hangchou and the rest of China, over a rich youth in a Mitsubishi racer (retrofitted for speed) running over a young telecom engineer from the poorer class.
Grouped Articles
Wall Street Journal 04/19/2013
Survey in China Shows a Wide Gap in Income
New York Times 07/19/2013
Wall Street Journal 11/06/2013
Wall Street Journal 08/19/2015
China's Rich Youth Spark Bitter Divide
Wall Street Journal 09/22/2009
China's New Cultural Revolution
Wall Street Journal 10/09/2009
China's health care reforms and increased spending on health care fall short of what is needed.
12/30/2005
China's increased health care spending of $16 billion by the central government in each of the years 2009-2011 is clearly inadequate. Over 200 million are uninsured and the health care system jacks up the costs so much with expensive tests and pills that the poor tend to shun hospitals. The current plan puts off government financed health coverage for 90% of the population till 2020.
Grouped Articles
Bayonne Medical Center Has Highest U.S. Billing Rates
New York Times 05/16/2013
China Sees Challenge On Health System
Wall Street Journal 09/24/2010
Chinese debt: The great hole of China
Economist 10/17/2014
Economist 04/16/2009
Economist 04/16/2009
A Tiny Tax Could Do a World of Good
New York Times 09/24/2009
Brazil's Bolsa Familia program
09/15/2005
The program is designed to reduce poverty and at the same time improve education and health of children to pull the next generation out of poverty.
Grouped Articles
Economist 09/15/2005
Brazil's north-east: Catching up in a hurry
Economist 05/21/2011
India's Guaranteed Joblessness
Wall Street Journal 07/27/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 03/31/2012
Mexico’s failing schools spell defeat for ruling party - The Washington Post
Washington Post 06/09/2012
Brazil's growing middle class, new aspirations and demands for better public services
01/03/2010
32 millon people have joined the middle class since 2003.
Grouped Articles
Thousands Gather for Protests in Brazilâs Largest Cities
New York Times 06/17/2013
Brazil's New Middle Class Takes to the Streets
Wall Street Journal 06/25/2013
Brazil’s disappointing economy: Stuck in the mud
Economist 06/27/2013
Brazil’s Economic Crisis Beats the Emerging Middle Class Back Down
Wall Street Journal 11/10/2015
Booming economy, government programs help Brazil expand its middle class
Washington Post 01/03/2010
Economist 05/20/2010
Conspicuous consumption, the middle class and poverty in China
11/22/2006
Grouped Articles
Financial Rescue Sleight of Hand
New York Times 11/30/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 03/31/2012
In China, Growth at Whose Cost? - WSJ.com
Wall Street Journal 11/22/2006
China Tries to Shut Rising Income Gap
Wall Street Journal 12/10/2012
Inequality: The rich and the rest
Economist 01/15/2011
China's dysfunctional health system and burden on middle class household finances.
12/30/2005
the whole system is geared to providing more expensive care with upfront cash required even if you have insurance or care is refused, and the private sector offers very little insurance. Government insurance coverage is also inadequate. Two thirds of China's people have no insurance at all.
Grouped Articles
Aging Chinese Face a Bleak Picture
Wall Street Journal 05/31/2013
China Sees Challenge On Health System
Wall Street Journal 09/24/2010
China's Workers See Thin Protection In Insurance Plans
Wall Street Journal 12/30/2005
Chinese City Bolsters Scant Consumer Spending With Free Vouchers
New York Times 03/19/2009
In China, Rx for Ailing Health System
Wall Street Journal 10/15/2009
Still No Healthy Budget Allocations in China
Wall Street Journal 03/08/2011
Martin Feldstein on China's efforts to control inflation, rising real estate prices, and shift its economy away from export led growth in 2011-2013
01/06/2010
Feldstein says China has the economic problems of inflation, the effects of the large stimulus after the 2008 global financial crisis, and overdependence on exports, under control. The new five year plan gradually shifts the economy towards greater reliance on services and a shift away from export led growth. The smaller stimulus of 2012 is being guided to necessary infrastructure such as power development and towards low income housing. China has still to tackle problems with an aging population and its one-child policy, inequality and corruption in government. These will be challenges facing the new government.
Grouped Articles
Global property markets: Boom and gloom
Economist 05/27/2013
New York Times 12/18/2011
Wall Street Journal 03/29/2010
China Inflation Rises to a 19-Month High
New York Times 06/11/2010
Compelling Signs the Chinese Property Boom Is Over
Wall Street Journal 03/19/2014
Chinese debt: The great hole of China
Economist 10/17/2014
Inequality, education and economic mobility in the U.S. compared with Western Europe and Canada
01/11/2010
Issues raised by Jeb Bush, Krugman, and people in leadership positions.
Grouped Articles
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 09/12/2013
Patchwork of Local Wage Laws Fuels Debate Over Raising Federal Minimum
Wall Street Journal 12/01/2013
The Economy Needs a Bit of Ingenuity
New York Times 08/06/2010
Occupy Frankfurt
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
At Occupy Frankfurt, Calm Anarchy Has Staying Power
New York Times 12/15/2011
Inequality: The rich and the rest
Economist 01/15/2011
Occupy Moscow protest
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
Demonstrators Find Poetry in 'Occupy Moscow' Movement
Wall Street Journal 05/12/2012
Inequality: The rich and the rest
Economist 01/15/2011
Occupy Wall Street movement, inequality and Latin America
01/20/2010
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
On the Middle Class, Lessons From Latin America
New York Times 12/10/2011
The 1 Percent Clubâs Misguided Protectors
New York Times 12/10/2011
The Luxury Market Is Robust Despite Troubles in Lower Income Brackets
New York Times 12/17/2011
Donât Tax the Rich. Tax Inequality Itself.
New York Times 12/18/2011
The Occupy movement and reflections by bankers on Wall Street on their role in the financial crises
01/15/2011
Grouped Articles
Officials Cast Wide Net in Monitoring Occupy Protests
New York Times 05/22/2014
On Wall Street, Some Insiders Express Outrage
New York Times 12/01/2011
New York Times 11/30/2011
âWe Are the 99 Percentâ Joins the Cultural and Political Lexicon
New York Times 11/30/2011
What Blagojevichâs Sentence Says About Corruption and Greed
New York Times 12/08/2011
On the Middle Class, Lessons From Latin America
New York Times 12/10/2011
A disappearing U.S. middle class in 2012-2015
01/20/2010
Meyerson, Ignatius and others ask the tough questions about America and the prospects for a future with a disappearing middle class, pointing to the need to structure globalization and build cooperation between workers, management and the government in new constructive ways.
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09/18/2013
State of the Union: Obama Seeks to Narrow Income Gap
Wall Street Journal 01/29/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
New York Times 02/08/2012
Falling Wages at Factories Squeeze the Middle Class
New York Times 11/20/2014
Washington Post 11/22/2014
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
New York Times 06/22/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
James Galbraith on the U.S. economy in 2010-2012
01/15/2011
The University of Texas professor on the American middle class, the supercommittee on deficit reduction and the minimum wage.
Grouped Articles
California Set to Raise State Minimum Wage
Wall Street Journal 09/13/2013
Americaâs Sinking Middle Class
New York Times 09/18/2013
New York Times 12/01/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
Hiring Booms, but Soft Wages Linger
Wall Street Journal 01/10/2015
Tom Keene Talks to James K. Galbraith
BusinessWeek 11/23/2011
U.S. Federal Reserve report on the drop in incomes and net worth of American families between 2007-2010
01/02/2009
The Fed documents the impact of the financial crisis of 2008-2009 on American families. Half the middle class is dislocated financially by the crisis and minorites fare badly. Median incomes drop 8% and housing asset values drop an average of 42%. Median net worth down 39% taking it back to where it was in 1992. American families work down their debt, reducing credit card balances.
Grouped Articles
Wall Street Journal 09/14/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Americaâs Sinking Middle Class
New York Times 09/18/2013
Wall Street Journal 09/17/2010
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Wall Street Journal 04/04/2009
Inequality- high school droput rates and wages in New York City
01/15/2011
Grouped Articles
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
New York Times 09/12/2013
Bloomberg's Real Antipoverty Record
Wall Street Journal 12/18/2013
Immigration Remakes and Sustains New York, Report Finds
New York Times 12/18/2013
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
Outside the Spotlight, Bill de Blasio Wages a War on Inequality
New York Times 01/08/2015
Wealth gaps and inequality in Israel
01/15/2011
Grouped Articles
Israel Approval Near for Austerity Budget
New York Times 05/13/2013
Overhaul of Israel's Economy Offers Lessons for the U.S.
New York Times 01/07/2014
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
New York Times 03/16/2015
Economic-Ladder Concerns Trump Income Gap in Poll
Wall Street Journal 05/05/2015
Protesters Force Israel to Grapple With Wealth Gap
New York Times 08/11/2011
Global poverty
09/15/2005
Grouped Articles
Does Helping the Planet Hurt the Poor?
Wall Street Journal 01/22/2011
India's Boom Bypasses Rural Poor
Wall Street Journal 04/30/2011
Economist 09/15/2005
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Jeffrey Sachs: How I would lead the World Bank as president - The Washington Post
Washington Post 03/02/2012
New York Times 03/31/2012
India- rural poverty and the government work program
09/15/2005
Grouped Articles
âAn Uncertain Glory,â by Jean Drèze and Amartya Sen
New York Times 09/06/2013
Wall Street Journal 12/14/2013
India's Boom Bypasses Rural Poor
Wall Street Journal 04/30/2011
Economist 09/15/2005
India's Guaranteed Joblessness
Wall Street Journal 07/27/2011
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Poverty and hardship in Ireland after austerity measures by the government in 2010
01/04/2009
Grouped Articles
The New Generation Leaving Ireland
BusinessWeek 02/11/2010
Ireland Faces Seventh Year of Austerity
Wall Street Journal 10/16/2013
New York Times 04/03/2009
Ireland Faces Battle Over Europe Stability Treaty
New York Times 05/01/2012
Irish Cutbacks Pile It on for 'New Poor'
Wall Street Journal 11/27/2010
Ireland's new government: Enda the party
Economist 03/05/2011
Unemployment and poverty in Spain 2011-2013
01/15/2011
Grouped Articles
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
Wall Street Journal 04/14/2015
New York Times 09/24/2012
Inequality: The rich and the rest
Economist 01/15/2011
Unknown 03/12/2013
Poverty rates in regions around the world and differing experiences tackling it.
09/15/2005
China, India, Africa and places like New York city.
Grouped Articles
In Booming China, Protests by Poor Escalate
Wall Street Journal 12/21/2006
Globalization's Gains Come With a Price
Wall Street Journal 05/24/2007
Zoellick Defends Aid for Nations in ‘Middle’
New York Times 10/11/2007
Economist 10/11/2007
World Bank Report Puts Agriculture at Core of Antipoverty Effort
New York Times 10/20/2007
Education Push Yields Little for India’s Poor
New York Times 01/17/2008
National Rural Employment Guarantee Scheme (NREGA) in India.
08/13/2009
the idea is to help rural poor with guranteed incomes. See the advantages of CCT's a more useful variation of this which requires attendance of children at school, immunizations etc.
Grouped Articles
India's Lower House Passes Food Bill to Help Poor
Wall Street Journal 08/26/2013
Bill Gates: What I Learned in the Fight Against Polio
Wall Street Journal 11/10/2013
Questions and Answers: M.S. Swaminathan
Wall Street Journal 08/13/2009
Inequality: The rich and the rest
Economist 01/15/2011
India Takes Aim at Poverty With Cash Transfer Program
New York Times 01/05/2013
Widening rich-poor gap in the Arab world and Africa
01/15/2011
The lack of economic opportunity under decades long one party rule in the Arab world and Africa. The problem has long plagued countries in Africa, from Nigeria to the Arab world.
Grouped Articles
Rich, Poor and a Rift Exposed by Unrest
New York Times 01/30/2011
Africa's natural resources: Spread the wealth
Economist 02/12/2011
Arab economies: Throwing money at the street
Economist 03/12/2011
Nigeriaâs President Wins Re-Election
New York Times 04/18/2011
Nigeria's business capital: A rare good man
Economist 05/07/2011
Hope in Nigeria: Hail the useful chief
Economist 05/28/2011
Inequality, the middle class and economic growth
01/15/2011
Studies show a growing middle class and lower middle class as one of the conditions underpinning steady economic growth. Adam Smith also points this out in his book The Wealth of Nations, written in the 18th century as England began its transformaton with the Industrial Revolution. Growing wages created a middle class and demand for goods and services that enable England to prosper. A similiar process took place in the U.S. with Henry Ford's effort to provide higher wages in his automobile plants in the 1920's that led to a growing middle class able to afford automobiles.
Linked Articles
Inequality: The rich and the rest
Economist 01/15/2011
The 1 Percent Clubâs Misguided Protectors
New York Times 12/10/2011
The case for increasing the minimum wage (4) Galbraith and "The Spirit Level"
01/15/2011
Linked Articles
Inequality: The rich and the rest
Economist 01/15/2011
Tom Keene Talks to James K. Galbraith
BusinessWeek 11/23/2011
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