The soaring cost of housing has helped make capital ownership more profitable than work.
Wealth inequality is no 21st-century phenomenon. But it was decisively shaped by public policy during the last 100 years as economies emerged from war and redesigned the structures for life.
New research shows that spatial segregation between the rich and poor in our six largest cities has been increasing over time.
John W. Iwanski/flickr
Not only has income inequality in Australia grown over the past two decades, rich and poor are also more segregated in terms of where they live in the big cities.
If a second airport creates another centre of activity in western Sydney, then it won’t just be air travellers who benefit.
Our big cities increase incomes faster than population growth, but most residents miss out on the extra income growth. Creating multiple centres of activity may help make bigger better for everyone.
In work poverty is a sign the icy tide of capitalism is now lapping at our ankles in the global north.
New ONS data indicate that the UK’s poorest households are doing better and the richest are worse off. But this isn’t the full picture.
Unequal access to housing has considerable long-term effects far beyond just property ownership.
New research finds higher property prices are associated with higher household income and spending inequality.
French economist Thomas Piketty spends less time explaining why excessive wealth inequality matters.
Some people evidently think wealth inequality is a good thing, but there’s plenty of evidence to show the problems it causes.
Couple using in-home blood pressure monitor.
Digital devices can make a real difference in treating chronic diseases. But many who have these conditions are poor, and they often cannot afford the devices.
Brendan McDermid/ Reuters
The Christian left has played a strong role in America’s history. In this election too, it is not silent.
U.S. middle class, R.I.P.?
Middle class demise via www.shutterstock.com
Finding a way to reduce inequality is key not only to solving a host of other problems but also to rescuing America’s fast-disappearing middle class.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
BHP Billiton Chief Executive Officer Andrew Mackenzie didn’t get his incentive payments in 2016 after the Samarco disaster.
Like in the US and UK, Australian companies should be forced to disclose how the pay of CEOs compares with that of an average worker.
Share a little?
Two fish via www.shutterstock.com
Rather than pursue self-interested policies that widen the gap between rich and poor, companies can invest in their workers, curb income inequality and make more money all at the same time.
The issue of child poverty and its links to housing costs are not widely acknowledged in Australia.
Income poverty statistics tell us relatively little about why Australian children live in poverty, or how to alleviate it. But housing plays a critical part in the problem.
There’s no guarantee Australia will always be the land of the fair go.
Image sourced from shutterstock.com
The new level of inequality that is emerging in Australia is not only a challenge to our morality but a serious threat to our future economic growth.
Clinton and Trump.
The major presidential candidates each gave an economic address this week. Get behind the problems they identified and the promises they made with this roundup of key coverage from our archive.
We have become collectively richer but much more unequal.
Australia has become collectively richer but much more unequal in recent decades.
A polarized nation.
Income inequality and political polarization have both surged in recent decades and are the worst they’ve ever been. Is one causing the other?
How has working life changed?
Wages are stagnating and women have not benefited nearly as much as men from earlier wage increases. And what if small business isn’t the powerhouse we’ve been led to believe? What recent HILDA data has to tell us about gender, income and work.