Inequality Rising Across the Developed World
By Catherine Rampell, May 3, 2011
America isn’t the only rich country dealing with a rise in inequality. Most of the developed world is, too.
A new report from the Organization for Economic Cooperation and Development finds that most of its member countries have seen their richest citizens get much, much richer in the last few decades, leading to a widening income gap.
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Inequality Is Most Extreme in Wealth, Not Income
By Catherine Rampell, March 30, 2011
Typically, comments about rising inequality refer to the stark disparities in incomes of the very highest-paid Americans and everyone. We have observed in several posts, for example, that most of the income gains over the last few decades have gone to the very richest Americans. That means the highest-paid Americans have been claiming a larger and larger share of earnings.
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TheNewGildedAge.blogspot.com This blog focuses on the growing inequality of income and wealth in the U.S. As Warren Buffett said in 2008: “There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.”
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