Inequality

This article originally appeared at CapX.

Explore how economic inequality can be measured and how it is impacted by different governmental policy choices. -- Income and wealth inequality are not new. In fact, economists and historians who have charted economic inequality throughout history haven’t found a single society without it. Which raises a bleak question: is inequality … inevitable? Explore how economic inequality can be measured and how it is impacted by different governmental policy choices. Directed by Natália Azevedo Andrade, AIM Creative Studios. This video made possible in collaboration with World Economic Forum Learn more about how TED-Ed partnerships work: https://bit.ly/TEDEdPartners Support Our Non-Profit Mission ---------------------------------------------- Support us on Patreon: http://bit.ly/TEDEdPatreon Check out our merch: http://bit.ly/TEDEDShop ---------------------------------------------- Connect With Us ---------------------------------------------- Sign up for our newsletter: http://bit.ly/TEDEdNewsletter Follow us on Facebook: http://bit.ly/TEDEdFacebook Find us on Twitter: http://bit.ly/TEDEdTwitter Peep us on Instagram: http://bit.ly/TEDEdInstagram ---------------------------------------------- Keep Learning ---------------------------------------------- View full lesson: https://ed.ted.com/lessons/is-inequality-inevitable Dig deeper with additional resources: https://ed.ted.com/lessons/is-inequality-inevitable#digdeeper Animator's website: http://aimcreativestudios.com Music: https://soundcloud.com/aim-music ---------------------------------------------- Thank you so much to our patrons for your support! Without you this video would not be possible! Brad Sullivan, Karen Ho, Niklas Frimberger, Hunter Manhart, Nathan Nguyen, Igor Stavchanskiy, James R DeVries, Grace Huo, Diana Huang, Chau Hong Diem, Orlellys Torre, Corheu, Thomas Mee, Maryann H McCrory, Blas Borde, John Hellmann, Poompak Meephian, Chuck Wofford, Adam Pagan, Wes Winn, Conder Shou, ntiger, Noname, Hansan Hu, David D, Mac Hyney, Keith Ellison, robin valero walters, Lynne Truesdale, Gatsby Dkdc, Matthew Neal, Denis Chon, Julian Oberhofer, Monte Carroll, Eddy, Jay M, Constantino Victor Delgado, Andrea Galvagni, Andrew Tweddle, Laurel-Ann Rice, Fernando A. Endo, Helen Lee, pam morgan, sarim haq, Gerardo Castro, Michel-Ange Hortegat, Enes Kirimi, Amaury BISIAUX, ND and Samyogita Hardikar.

How a Broken Benchmark Quietly Broke America

A viral essay on Substack suggests it should be $140,000.

The path to prosperity means avoiding the policy disasters of the past

But if the stock market stumbles, they may pull back.

Elon Musk and I also have an average net worth of $233 billion....

Zohran Mamdani, the person who defeated Cuomo in the primaries and is now seen as a mayoral contender for New York—the beating heart of capitalism—recently

The goalposts are moving. That’s a good thing — but 1 in 10 people are still living on less than $3 a day....

The billionaires club has never been bigger—or richer. Here’s who’s up, who’s down, who’s off the list and why it matters more than ever.

Americans are fascinated by wealth, but how much do we know about it? These millionaire statistics tell us more.

Economic policy decisions often involve a trade-off between equality and efficiency implemented through income redistribution. We test whether people are less likely to purchase equality with their ow

Out of 31 industrialized countries that test adults, U.S. ranked 14th in literacy and 24th in numeracy.

About half of U.S. adults (52%) lived in middle-income households in 2022, according to our new analysis of government data.

A report analyzing women’s gains in the workplace found that, despite some progress, women still hold less power than men.

The median woman working full time in 2023 earned 83% of what the median man earned.

— Vincent Geloso (@VincentGeloso)

Throughout the past decade, hostility against growing economic inequality has gained ground. An increasing consensus seems to be gravitating towards the seductive demand for “fairness." When applied by progressives, the term refers to equal outcomes. But the only way to achieve fairness without violating individuals’ rights is by securing procedural justice, not end-state justice.

Decades ago, the Nobel Prize-winning F.A. Hayek observed the Kafkaesque logic of trying to usher in a more equal society by treating people unequally.

Michigan women earn almost 20 cents less per dollar than their male counterparts, while having less opportunity to work full-time.  That’s according to the second Women in Michigan Workforce Report, a collaboration of the Michigan Women’s Commission and the Michigan Center for Data and Analytics. Released Monday, the report concluded that while women make up […]

A lesson in critical thinking I got in undergrad: Econ 1 prof hands us an article about airlines overbooking & offering money at the gate to bump passengers. Article argues we should ban this. Reasoning is that it’s exploitative: poorer people overwhelmingly more likely to get… https://t.co/gvipmWUJ7J— Ilya Abyzov (@IlyaAbyzov) March 17, 2024

Interviews with people in remote communities challenge widely held perception that money buys happiness

Active learning today in Prin Macro: Student volunteers had to distribute 100 donuts to represent the share of household income by quintiles in the US. Lots of donuts piled on that highest quintile! H/T @equineomics for the idea. pic.twitter.com/32a3yk2rpA— Erin Yetter (@DrErinYetter) February 12, 2024

In a new paper for the Journal of Political Economy, Gerald Auten and David Splinter question whether “rising inequality” is really as large as it’s made out to be.

Most don’t work anymore, but Americans age 70 and older have seen their share of collective wealth surge during the pandemic.

About 1-in-4 Black households and 1-in-7 Hispanic households had no wealth or were in debt in 2021, compared with about 1-in-10 U.S. households overall.

Building wealth slowly works.

Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping everybody down.

How wealthy people invest their money.