Tag

Inequality

All articles tagged with #inequality

Gilded Economic Numbers, Real-World Pains Ahead of the State of the Union
business3 days ago

Gilded Economic Numbers, Real-World Pains Ahead of the State of the Union

CNN argues that the U.S. economy looks solid on paper—2.2% growth in 2025, a strong job market, wage gains, and inflation easing with a stock market near record highs—yet consumer confidence remains near historic lows, affordability problems in housing and child care persist, and rising delinquencies plus a widening wealth gap paint a more mixed, politically charged picture ahead of the State of the Union.

Consumer genetics: hype meets limits and calls for guardrails in embryo screening
health5 days ago

Consumer genetics: hype meets limits and calls for guardrails in embryo screening

Live Science’s interview with bioethicist Daphne Martschenko and sociologist Sam Trejo highlights that consumer genetic tests and polygenic embryo screening are advancing, but their predictive power is limited and often ancestry-biased. The pair debunks the 'destiny' myth, notes transparency and data-quality gaps, and cautions that embryo selection for non-medical traits could widen social inequities. They advocate for regulation and clearer communication of limitations to help the public make informed choices.”,

UN chief urges moving beyond GDP to safeguard people and planet
world18 days ago

UN chief urges moving beyond GDP to safeguard people and planet

UN secretary-general António Guterres calls for transforming the global economy to value environmental health and human wellbeing over GDP, arguing current accounting incentivizes pollution and inequality; a UN panel is developing a dashboard that complements GDP with metrics on sustainability and equity as post‑growth, degrowth and related ideas gain policy traction.

Ultra-rich own three times the wealth of the bottom half, study finds
world23 days ago

Ultra-rich own three times the wealth of the bottom half, study finds

A World Inequality Report led by Thomas Piketty shows extreme global disparities: the top 0.001% hold three times the wealth of the bottom half; the richest 10% own about 75% of wealth while the poorest half has ~2%. Income is similarly skewed, with the top 10% earning more than the rest of humanity combined and the poorest half capturing under 10% of global income. The gender pay gap persists (women ~25% of global labor income), and poorer countries are squeezed by a financial system biased toward rich states, reflecting enduring institutional and historical factors.

AI's labour-market tsunami: IMF chief warns youth will bear the brunt
world1 month ago

AI's labour-market tsunami: IMF chief warns youth will bear the brunt

IMF director Kristalina Georgieva warned at Davos that AI could transform up to 60% of jobs in advanced economies (40% globally), risking entry-level roles for young people while some tasks are enhanced for others; the middle class could face pay pressure without productivity gains. She called for safer, more inclusive regulation as AI grows rapidly. Other Davos speakers highlighted productivity benefits, the need for global cooperation, and concerns about widening inequality as AI expands.

U.S. Economy Hinges on Spending by the Rich, Moody's Finds
economy1 month ago

U.S. Economy Hinges on Spending by the Rich, Moody's Finds

A Moody's Analytics analysis of Fed, BEA and Census data shows 59% of U.S. consumer spending comes from the top 20% of earners, while the bottom 80% accounts for 41%—a near-record K-shaped divergence. With inflation and a weak job market weighing on most, high-end households and stock-market gains are sustaining spending and wealth, which is now at its highest since World War II. If the rich slow down or markets falter, lower-income workers would bear the brunt.

Global Economic Outlook for 2026: Key Trends and Risks
economy1 month ago

Global Economic Outlook for 2026: Key Trends and Risks

The U.S. economy in 2025 was characterized by contradictions such as healthy growth amid slowing hiring, elevated inflation, and rising unemployment, with uncertainties about future trends due to data disruptions and technological impacts like AI potentially leading to a 'jobless expansion.' Economists are cautiously optimistic about 2026, expecting improved hiring and growth, but underlying inequalities and data collection issues remain concerns.

Scientists Warn of Rising Global Cancer Deaths
health1 month ago

Scientists Warn of Rising Global Cancer Deaths

Global cancer cases and deaths have surged over the past three decades, driven mainly by population growth and aging, with low- and middle-income countries facing the fastest increases. Despite advances in treatment, disparities persist, and behavioral risk factors like tobacco use significantly contribute to cancer mortality. The study emphasizes the urgent need for equitable cancer prevention and control efforts worldwide to reduce future burdens, especially in resource-limited settings.