Serving the Quantitative Finance Community

 
User avatar
ISayMoo
Topic Author
Posts: 2332
Joined: September 30th, 2015, 8:30 pm

Is inequality really rising?

November 29th, 2019, 11:17 am

Interesting article from The Economist, questioning the conventional wisdom: https://www.economist.com/briefing/2019/11/28/economists-are-rethinking-the-numbers-on-inequality
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

December 1st, 2019, 7:29 pm

 Once power is wrested from the EU and given to Westminster, do you think everything will  be hunky dory? Not necessarily. A  "Singapore in the North Sea" could be a race to the bottom be one possible scenario.
Last edited by Cuchulainn on December 1st, 2019, 7:32 pm, edited 1 time in total.
 
User avatar
Paul
Posts: 6604
Joined: July 20th, 2001, 3:28 pm

Re: Is inequality really rising?

December 1st, 2019, 7:31 pm

No. Some things will be better, some will be worse. You can quote me. See if I'm right.
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

December 1st, 2019, 7:59 pm

Sounds a bit like a weather forecast: mostly sunny with intermittent showers.
 
User avatar
bearish
Posts: 5186
Joined: February 3rd, 2011, 2:19 pm

Re: Is inequality really rising?

December 1st, 2019, 10:10 pm

Interesting article from The Economist, questioning the conventional wisdom: https://www.economist.com/briefing/2019/11/28/economists-are-rethinking-the-numbers-on-inequality
That article is behind a paywall of sorts, but I read the printed version today. It certainly shines a light on a bunch of very difficult measurement questions in the areas of income and wealth. And it is hard to avoid the feeling that the Piketty, Saez & Guzman trio are very sensitive about criticism of their methods. The Pink Floyd and Abba references in the headlines also added some levity. 
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

January 13th, 2020, 3:35 pm

Image
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

January 13th, 2020, 4:02 pm

Interesting article from The Economist, questioning the conventional wisdom: https://www.economist.com/briefing/2019/11/28/economists-are-rethinking-the-numbers-on-inequality
That article is behind a paywall of sorts, but I read the printed version today. It certainly shines a light on a bunch of very difficult measurement questions in the areas of income and wealth. And it is hard to avoid the feeling that the Piketty, Saez & Guzman trio are very sensitive about criticism of their methods. The Pink Floyd and Abba references in the headlines also added some levity. 
The difference in income is a side-effect. It is the control of how this income is determined and distributed is the key.
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

January 21st, 2020, 4:53 pm

Ireland has the fifth largest number of billionaires in the world, relative to its population.

https://www.oxfamireland.org/blog/billi ... th-billion

This does not compute.

Jim Clarken, Oxfam Ireland Chief Executive, said: “Sexist economies are fuelling the inequality crisis — enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly women and girls. Our upside-down economic system deepens inequality by chronically undervaluing care work – usually done by women and girls.
Last edited by Cuchulainn on January 21st, 2020, 5:00 pm, edited 3 times in total.
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

January 21st, 2020, 4:53 pm

 
User avatar
ISayMoo
Topic Author
Posts: 2332
Joined: September 30th, 2015, 8:30 pm

Re: Is inequality really rising?

January 29th, 2020, 10:48 am

Ireland has the fifth largest number of billionaires in the world, relative to its population.

https://www.oxfamireland.org/blog/billi ... th-billion

This does not compute.

Jim Clarken, Oxfam Ireland Chief Executive, said: “Sexist economies are fuelling the inequality crisis — enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly women and girls. Our upside-down economic system deepens inequality by chronically undervaluing care work – usually done by women and girls.
[Stupid comment deleted]
Last edited by ISayMoo on January 29th, 2020, 1:26 pm, edited 2 times in total.
 
User avatar
katastrofa
Posts: 7440
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

Re: Is inequality really rising?

January 29th, 2020, 11:54 am

Just as simples as that.
 
User avatar
katastrofa
Posts: 7440
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

Re: Is inequality really rising?

January 29th, 2020, 5:26 pm

Ireland has the fifth largest number of billionaires in the world, relative to its population.

https://www.oxfamireland.org/blog/billi ... th-billion

This does not compute.

Jim Clarken, Oxfam Ireland Chief Executive, said: “Sexist economies are fuelling the inequality crisis — enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly women and girls. Our upside-down economic system deepens inequality by chronically undervaluing care work – usually done by women and girls.
[Stupid comment deleted]
Perfetto! ;-D
 
User avatar
Cuchulainn
Posts: 20254
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Is inequality really rising?

January 30th, 2020, 2:19 pm

Ireland has the fifth largest number of billionaires in the world, relative to its population.

https://www.oxfamireland.org/blog/billi ... th-billion

This does not compute.

Jim Clarken, Oxfam Ireland Chief Executive, said: “Sexist economies are fuelling the inequality crisis — enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly women and girls. Our upside-down economic system deepens inequality by chronically undervaluing care work – usually done by women and girls.
[Stupid comment deleted]
Perfetto! ;-D
Falsetto!
 
User avatar
Paul
Posts: 6604
Joined: July 20th, 2001, 3:28 pm

Re: Is inequality really rising?

January 30th, 2020, 3:40 pm

Ireland has the fifth largest number of billionaires in the world, relative to its population.

https://www.oxfamireland.org/blog/billi ... th-billion

This does not compute.

Jim Clarken, Oxfam Ireland Chief Executive, said: “Sexist economies are fuelling the inequality crisis — enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly women and girls. Our upside-down economic system deepens inequality by chronically undervaluing care work – usually done by women and girls.
[Stupid comment deleted]
Only a man could say something like that.
 
User avatar
Alan
Posts: 2958
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Re: Is inequality really rising?

February 3rd, 2020, 7:31 pm

Only a woman could do this one:
 Christina Hoff Sommers: There is No Gender Wage Gap