Posts tagged "economy"

More than 90% of the very wealthiest people in China are relatives of Communist party members.
Robert Guest

(Source: video.economist.com)


Don’t look now, but the good times may have just stopped rolling.

For every job lost from efficiencies and productivity gains caused by the Internet, 2.6 jobs have been created.
McKinsey

The plain truth might be that we’re living beyond our means because our way of life atrophied our means.
Umair Haque

(Source: blogs.hbr.org)


Between 1947 and 1979, productivity in the US rose by 119%, while the income of the bottom fifth of the population rose by 122%. But from 1979 to 2009, productivity rose by 80%, while the income of the bottom fifth fell by 4%. In roughly the same period, the income of the top 1% rose by 270%.
George Monbiot, The Guardian

(Source: Guardian)