Brazil’s new president – often called the ‘Trump of the tropics’ for his inflammatory, right-wing rhetoric – won over poorer voters by stoking fear and resentment. Can he make them happy?
We wear the evidence of extreme inequality – clothing made by workers in Bangladesh for 35 cents an hour. But we know how to reduce inequality – we just have to do it.
A wealth tax would put a price on past emissions and could be used to mitigate the negative effects of poverty, including vulnerability to climate change.
While government payments and programs go some way to reducing inequality, the transformation of the labour market and its institutions has cut workers’ share of the pie to historic lows.
This is the first article in a series, Reclaiming the Fair Go, to mark the awarding of the 2018 Sydney Peace Prize to Nobel laureate and economist Joseph Stiglitz.
Ilan Wiesel, The University of Melbourne; Liss Ralston, Swinburne University of Technology et Wendy Stone, Swinburne University of Technology
The Productivity Commission neglected the impact of housing costs. After allowing for these costs, the top 10% of households’ average disposable income grew at 2.7 times the rate of the bottom 10%.
A new study shows that natural disasters enrich white victims while hurting people of color, worsening wealth inequality. And government aid contributes to the problem.
Governments can’t undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
The evidence suggests the impact of CEOs on company performance isn’t enough to justify their sky-high pay, which is really based more on a culture of power and privilege.
Peter Whiteford, Crawford School of Public Policy, Australian National University
The Australian Bureau of Statistics’ latest analysis of the impact of government benefits and taxes on household income shows this reduces income inequality by more than 40% in Australia.
The largest cities in Australia and the US are both the richest and the most likely to push out low-income earners. Having cities of all sizes will increase people’s choices of where to live and work.