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Author Topic: Economic Inequality  (Read 40649 times)

sidd

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Re: Economic Inequality
« Reply #450 on: November 19, 2019, 07:33:59 AM »
Guess what: inflation hits the poor in the USA more than the rich

"prices have risen more quickly for people at the bottom of the income distribution than for those at the top"

"3.2 million more people are classified as living in poverty in 2018, and that real household income for the bottom 20 percent of the income distribution actually declined by nearly 7 percent since 2004."

"the annual inflation rate is 0.44 percentage points higher for the bottom income quintile compared with the top income quintile, on average."

https://groundworkcollaborative.org/wp-content/uploads/2019/11/The-Costs-of-Being-Poor-Groundwork-Collaborative.pdf

sidd

Klondike Kat

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Re: Economic Inequality
« Reply #451 on: November 19, 2019, 06:46:05 PM »
Guess what: inflation hits the poor in the USA more than the rich

"prices have risen more quickly for people at the bottom of the income distribution than for those at the top"

"3.2 million more people are classified as living in poverty in 2018, and that real household income for the bottom 20 percent of the income distribution actually declined by nearly 7 percent since 2004."

"the annual inflation rate is 0.44 percentage points higher for the bottom income quintile compared with the top income quintile, on average."

https://groundworkcollaborative.org/wp-content/uploads/2019/11/The-Costs-of-Being-Poor-Groundwork-Collaborative.pdf

sidd

An yet the poverty rate continues to decline.

sidd

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Re: Economic Inequality
« Reply #452 on: November 19, 2019, 10:11:19 PM »
Re: " the poverty rate continues to decline"

cite ?

It is quite easy to have declining poverty rates, for example by redefining poverty. Or by not counting the homeless. Or the undocumented. Or as in the previous article i quoted, by miscalculating effects of inflation.

As Stalin is rumoured to have said, "I don't care who votes, just who counts the votes."

sidd

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Re: Economic Inequality
« Reply #453 on: November 19, 2019, 11:22:14 PM »
Re: " the poverty rate continues to decline"

cite ?

It is quite easy to have declining poverty rates, for example by redefining poverty. Or by not counting the homeless. Or the undocumented. Or as in the previous article i quoted, by miscalculating effects of inflation.


It was in the article cited previously.  The official poverty rate was declining, and even their inflation-adjusted poverty rate was declining.

sidd

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Re: Economic Inequality
« Reply #454 on: November 20, 2019, 05:21:00 AM »
The rate as a percentage in the article increased from 12.4 in 2006 thru the crisis to a peak of 15.1 in 2010 and then dropped to 12.8% by 2018,  modulo my caveats about how the count is done. The actual number though is steadily increasing from 37M in 2005 to 41M in 2018. (appendix table 2)

but as i said, the estimates leave a bunch out.

sidd

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Re: Economic Inequality
« Reply #455 on: November 20, 2019, 05:51:56 PM »
The rate as a percentage in the article increased from 12.4 in 2006 thru the crisis to a peak of 15.1 in 2010 and then dropped to 12.8% by 2018,  modulo my caveats about how the count is done. The actual number though is steadily increasing from 37M in 2005 to 41M in 2018. (appendix table 2)

but as i said, the estimates leave a bunch out.

sidd

Actually, they have been steadilty increasing (even by their methods).  It peaked in 2012 (by all measures presented), and has been steadily decreasing since.

TerryM

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Re: Economic Inequality
« Reply #456 on: November 21, 2019, 05:31:28 AM »
When San Francisco, arguably one of the richest, most progressive cities in the world won't provide toilet facilities for those that can't afford the costs of housing, the shit deposited on her streets seems like a fitting presentation to the burgers, voters, officials & politicians who make her their home.


Terry

nanning

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Re: Economic Inequality
« Reply #457 on: November 23, 2019, 05:07:23 PM »
   Children as young as five make up most of Madagascar’s mica mining workforce

Investigation finds thousands of children are scavenging in deadly conditions for mineral widely used by car and electronics firms

https://www.theguardian.com/global-development/2019/nov/21/children-as-young-as-five-make-up-most-of-madagascars-mica-mining-workforce
  by Kate Hodal


Excerpts:

Children as young as five make up more than half the number of miners scavenging for mica in Madagascar, according to a leading child rights group.

A year-long investigation by Terre des Hommes Netherlands found that at least 11,000 children between the ages of five and 17 are employed in quarrying and processing the shimmery, heat-resistant mineral, which is used in everything from makeup to car paint and hugely prevalent in the automotive and electronics industry.

Children comprise as much as 62% of the overall mining workforce, researchers found, with miners descending deep into the ground to cut the mica by hand.

The work is dangerous, with children complaining of aching muscles, open sores and respiratory problems, according to the report, published this week by Terre des Hommes and the Dutch Centre for Research on Multinational Corporations.

Researchers found that even if the young children scavenging for mica worked a full day, their salary was never enough for them to afford more than one meal.

“Sadly this kind of appalling abuse is all too common in mineral supply chains,” said Eniko Horvath of the international corporate watchdog Business and Human Rights Resource Centre.
"It is preoccupation with possessions, more than anything else, that prevents us from living freely and nobly" - Bertrand Russell
   Simple: minimize your possessions and be free and kind    It's just a mindset.       Refugees welcome

nanning

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Re: Economic Inequality
« Reply #458 on: November 23, 2019, 05:13:45 PM »
  Vauxhall and BMW among car firms linked to child labour over glittery mica paint

(article from 3 years ago)
Paint used by car makers including Vauxhall, BMW, Volkswagen and Audi linked to illegal mines in India reliant on child labour and debt bondage



https://www.theguardian.com/global-development/2016/jul/28/vauxhall-bmw-car-firms-linked-child-labour-mica
  by Peter Bengtsen in Jharkhand and Bihar, and Annie Kelly

excerpts:
Many of these children work in mines alongside their parents and siblings, for whom the mine is the only source of income. Many families are bonded to the mines by large debts owed to local moneylenders or mine owners who charge up to 200% annual interest.

She says she has worked at mines, carved out of the mountainous hillside, for as long as she can remember and has never gone to school.
"It is preoccupation with possessions, more than anything else, that prevents us from living freely and nobly" - Bertrand Russell
   Simple: minimize your possessions and be free and kind    It's just a mindset.       Refugees welcome

Tom_Mazanec

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Re: Economic Inequality
« Reply #459 on: November 23, 2019, 11:44:15 PM »
On the tricentennial (2076)  I imagine twenty trillionaires will have as much money as the 99%, or the rest of the 1%.
SHARKS (CROSSED OUT) MONGEESE (SIC) WITH FRICKIN LASER BEAMS ATTACHED TO THEIR HEADS

Tom_Mazanec

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Re: Economic Inequality
« Reply #460 on: November 26, 2019, 06:41:44 PM »
The more I read this, the more I realize the old cyberpunk writers were getting it right all those decades ago.
SHARKS (CROSSED OUT) MONGEESE (SIC) WITH FRICKIN LASER BEAMS ATTACHED TO THEIR HEADS

TerryM

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Re: Economic Inequality
« Reply #461 on: November 26, 2019, 09:11:29 PM »
There is a vast deposit of mica just beneath ground level level south of Rubidoux California. The ground is covered with high end homes and a golf course, but if they were removed there's a sizable deposit readily available.
It might cost a bit to remove the overburden, labor in California can be expensive, and regulations might appear onerous - but that might be preferable to the child labor they're now exploiting.


Is it rarity that leads to these abuses, or simply the drive to whittle away at every expense?
When will Bolivia's lithium be exploited? Was a coup the only way to gain access - or was it simply the cheapest way?
Terry

Rodius

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Re: Economic Inequality
« Reply #462 on: November 30, 2019, 11:33:06 AM »
On the tricentennial (2076)  I imagine twenty trillionaires will have as much money as the 99%, or the rest of the 1%.

If that happens, I imagine all of the trillionaires would be headless.

Tom_Mazanec

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Re: Economic Inequality
« Reply #463 on: November 30, 2019, 03:20:59 PM »
On the tricentennial (2076)  I imagine twenty trillionaires will have as much money as the 99%, or the rest of the 1%.

If that happens, I imagine all of the trillionaires would be headless.

If you had described the America of 2019 to me in 1969 (I was 11, but already well read and interested in society) I would have expected a revolution by then.
SHARKS (CROSSED OUT) MONGEESE (SIC) WITH FRICKIN LASER BEAMS ATTACHED TO THEIR HEADS

vox_mundi

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Re: Economic Inequality
« Reply #464 on: December 03, 2019, 05:01:24 PM »
England: Atlas of Inequality Challenges Assumptions of Rich and Poor Areas
https://phys.org/news/2019-12-atlas-inequality-assumptions-rich-poor.html

The English Atlas of Inequality, developed by Professor Alasdair Rae and Dr. Elvis Nyanzu from the University of Sheffield's Department of Urban Studies and Planning, maps 149 commuting zones—known as Travel To Work Areas (TTWAs)—across England, showing levels of inequality within the areas.

Researchers used the most commonly used inequality measure, the "Gini coefficient," which looks at income distribution, alongside the "20:20 Index," a measure of economic imbalance within areas and also "Moran's I' which measures geographic clustering of different income groups.

The results of their work highlight the risks of using one single measure to understand the issue of inequality in England. So to complete the atlas, the researchers also measured inequality within all local authority districts and parliamentary constituencies.

Professor Alasdair Rae, said: "When we look at the income distribution in Sheffield, the city is less unequal than some other major English cities, such as London or Cambridge. However, when we look at Sheffield's neighborhoods, 81 feature as being among the least deprived 20 percent in England on income, whereas 116 neighborhoods feature among England's most deprived 20 percent.

When using the Gini coefficient to measure inequality, researchers found that some of England's most deprived coastal communities such as Skegness, Sunderland and Bridlington wouldn't be seen as a priority; as despite being among the poorest local economies, they are some of the most equal within their own boundaries.

Professor Alasdair Rae, said: "Our atlas highlights the fact that no one measure of inequality paints the full picture and that methodological diversity is needed before we start to think of solutions to inequality at a local, sub-national and national level.

http://ajrae.staff.shef.ac.uk/atlasofinequality/
“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.” ― Leonardo da Vinci

Insensible before the wave so soon released by callous fate. Affected most, they understand the least, and understanding, when it comes, invariably arrives too late

nanning

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Re: Economic Inequality
« Reply #465 on: December 08, 2019, 09:27:22 AM »
Nearly 700,000 Americans to lose food stamps under new Trump policy
Move will limit states from exempting work-eligible adults from having to maintain steady employment to receive benefits

https://www.theguardian.com/us-news/2019/dec/04/food-stamps-snap-trump-sonny-perdue
  by Associated Press


The final rule will go into effect in April.

Congressional Democrats and advocates for the poor were quick to condemn the administration’s actions.

Senator Debbie Stabenow said the plan will only serve to punish workers whose jobs are seasonal or unreliable.

James D Weill, the president of the Food Research and Action Center, said the plan is “deeply flawed and ill-conceived“ and would lead to higher rates of hunger and poverty.

“The final rule would cause serious harm to individuals, communities and the nation while doing nothing to improve the health and employment of those impacted by the rule,” he said.

Denying them basic food and nutrition is not the route that a fair and compassionate administration of either party should take,” he said in a statement.



This is an important part of neo-liberalist dogma: "Make the poor suffer"
"It is preoccupation with possessions, more than anything else, that prevents us from living freely and nobly" - Bertrand Russell
   Simple: minimize your possessions and be free and kind    It's just a mindset.       Refugees welcome

nanning

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Re: Economic Inequality
« Reply #466 on: December 09, 2019, 06:37:49 PM »
Coats for homeless removed from Dublin's Ha'penny Bridge

Action by city authority for ‘public safety’ reasons provokes social media outcry


https://www.theguardian.com/world/2019/dec/09/coats-for-homeless-removed-from-dublin-hapenny-bridge
  by Rory Carroll


 First paragraphs:

The idea was simple: ask Dubliners to hang warm coats on the Ha’penny footbridge for the city’s burgeoning homeless population.

Shortly after #warmforwinter notices appeared on lampposts near the popular landmark last week, an array of anoraks, parkas and fleeces started to line the railings.

Organisers considered it a practical and symbolic display of solidarity with homeless people over Christmas. However, Dublin city council disagreed and workers removed the coats over the weekend.

"It is preoccupation with possessions, more than anything else, that prevents us from living freely and nobly" - Bertrand Russell
   Simple: minimize your possessions and be free and kind    It's just a mindset.       Refugees welcome

sidd

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Re: Economic Inequality
« Reply #467 on: December 11, 2019, 06:03:46 AM »
Saez and Zucman on how the rich take it all:

"Among the bottom 50 percent of earners, average real annual income even after taxes and transfers has edged up a meager $8,000 since 1970, rising from just over $19,000 to just over $27,000 in 2018.

By contrast, among the top 1 percent of earners, average income even after taxes and transfers has tripled since 1970, rising by more than $800,000, from just over $300,000 to over $1 million in 2018.

Among the top 0.1 percent, average after-tax-and-transfer income has increased fivefold, from just over $1 million in 1970 to over $5 million in 2018. And among the top .01 percent, it has increased nearly sevenfold, from just over $3.5 million to over $24 million."

https://www.washingtonpost.com/opinions/2019/12/09/massive-triumph-rich-illustrated-by-stunning-new-data/

https://www.commondreams.org/news/2019/12/09/staggering-new-data-shows-income-top-1-has-grown-100-times-faster-bottom-50-1970

sidd