Pillage and Class Polarization: The Rise of “Criminal Capitalism” By Prof. James Petras

About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea.  In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours.  With the longest work day, US workers score …

OECD

OECD: The U.S. and Israel have the worst inequality in the developed world

The OECD found that the gap between rich and poor is at record levels in most of its 34 member countries. But the U.S. and Israel stood out from the pack. In the U.S., the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the …

OECD report: Global social inequality hits new record – Gabriel Black

Income inequality in many developed countries has reached an all-time high, according to a report released Thursday by the Organization for Economic Co-operation and Development (OECD). The report also notes that growth of social inequality has been accompanied by the growth of part-time and contingent labor, particularly for younger workers. The wealthiest tenth of the population in OECD member countries now earn …

wealth gap

Growing Global Inequality Gap ‘Has Reached a Tipping Point’ – Nadia Prupis

With the gap between the rich and poor growing worldwide, a new study by the Organization for Economic Cooperation and Development (OECD) published Thursday suggests that the only way to reverse such rampant inequality is by implementing government measures aimed at balancing the playing field Chief among those measures: Tax the rich and push for gender equality. In its 34 …

Top-Incomes-Max-Roser

Inequality or Living Standards: Which Matters More? – Max Roser, Brian Nolan, Stefan Thewissen

For many years inequality in income and wealth received little attention in public debate and was only a minority interest in the economics profession. GDP per capita was widely considered to be a satisfactory indicator of economic prosperity. Yet, inequality has now become the focus of remarkably wide-ranging attention, from Davos and the State of the Union address to academic …