inequality

Credit: Unsplash/CC0 Public Domain Economic activity and development are unevenly distributed across regions of the world and within any country. In other words, where someone lives can determine their economic and social well-being. Take gross domestic product (GDP) per capita—the total value of a country's economic output per…

Atlanta’s BeltLine surrounds the city’s downtown. Credit: Dan Immergluck, CC BY-ND Is Atlanta a good place to live? Recent rankings certainly say so. In September 2022, Money magazine rated Atlanta the best place to live in the U.S., based on its strong labor market and job growth. The National Association of Realtors calls it the top housing market to watch in 2023, noting that Atlanta's housing prices are lower than those in…

Catwoman joins an economic protest in this preview of Batman: One Bad Day - Catwoman #1... as cover for a heist.Published Mon, 23 Jan 2023 11:26:13 -0600 by Jude Terror | Last updated Mon, 23 Jan 2023 11:24:16 -0600 | In this week's comic book previews, our attention turns to Batman: One Bad Day – Catwoman #1. Catwoman joins an economic protest in this preview of Batman: One Bad Day – Catwoman #1… as cover for a heist. Joining me for this preview is Bleeding Cool's AI writing assistant, LOLtron. Now, LOLtron, let's not…

A newly published paper quantifies the extent to which automation has contributed to income inequality in the U.S., simply by replacing workers with technology — whether self-checkout machines, call-center systems, assembly-line technology, or other devices.Recent data suggests that the majority of the increase in the wage gap since 1980 can be attributed to automation replacing less-educated workers.When using self-checkout machines in supermarkets and drugstores, it is unlikely that you are bagging your purchases as…

Inflation inflicted misery on pretty much all workers in 2022. Yet peek below the surface, and the year’s most consequential economic development may be what happened between different groups of workers.In the decades before the pandemic, the wages of lower-paid, less skilled hourly employees steadily lost ground to those of skilled workers, college graduates, managers and professionals. In the two years since, those trends have sharply reversed. We don’t know if this narrowing in inequality will last. Perhaps it is a…

Economic inequality refers to a situation when there is an unequal distribution of income and opportunity between different groups in a society. Economic inequalities are apparent characteristics of society due to income disparities between people holding different positions within the economic distribution in terms of income and wealth. People’s economic positions also depend on many factors, including physical and intellectual capability, social and ethnic background, and even gender. Income inequality is a significant…

The gap in wages between the most- and least-educated US citizens has risen sharply in the last 40-odd years, and new research out of MIT finds that more than half of this disparity can be attributed to a single factor: automation. This bodes poorly.The gross domestic product value of the USA has risen from US$6.82 trillion in 1980 to more than $20 trillion in 2022. But with nearly three times the pie to go around, not everyone's ended up with more on their plate. According to MIT Economist David Autor, things have been…

There are fewer women working on the French harbours today than there were 70 years ago. Credit: Shutterstock Gender equality has made enormous strides over the past century. In Canada today, women participate in the labor market at much higher rates than they used to—there are almost 3.5 times more women working now than there were in the 1950s. …

Credit: Unsplash/CC0 Public Domain White children who are exposed to larger racial inequalities in their daily lives and who see those inequalities as due to intrinsic differences between people are more likely to hold racial biases in their perceptions of Black children. By contrast, White children with the same levels of inequality exposure and who see external factors as forces driving inequality are less likely to show these…

Credit: CC0 Public Domain To reduce racial inequality in the U.S. criminal justice system, local, state, and federal government should explore ways to reduce police stops and searches, jail detention, prison admission, and long sentences, says a new report from the National Academies of Sciences, Engineering, and Medicine. The report…