Economic

How are the top 0.1% doing?

The EPI article Wages for the top1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk by Lawrence Mishel and Jori Kandra (12/1/2020) reports: As Figure A shows, the top 1.0% of earners are now paid 160.3% more than they were in 1979. Even more …

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How many people live in poverty?

It depends on what we mean by poverty.  The World Bank blog post A quarter of the world lives in societal poverty by Marta Schoch, Dean Mitchell Joliffe, & Christoph Lakner (12/2/2020): Measures of absolute poverty, such as poverty at the US$1.90, US$3.20 and the US$5.50 international poverty lines, have the advantage of …

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How has Covid-19 impacted unemployment by race?

The chart here comes from using FRED (Federal Reserve Economic Data). Since at least the 1970s Hispanic or Latino (using FRED terms) unemployment was consistently between Black or African American and White and more recently slightly closer to White unemployment. For possibly the first time since the 1970s Hispanic or …

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