Income disparity

Articles on Income disparity

October 10, 2016

World Bank warns about Automation Disaster on Developing Countries

Income Inequality will increase with Automation We are Greenworldinvestor have been warning that India sits on a powder keg of a massive employement crisis, as more […]
November 19, 2014

There is very high probability (almost even) that your job will not exist in the next decade

Technology to kill more Jobs Technology has made the pace of change increase manifold in recent times and have made things increasingly difficult for the professional […]
February 26, 2013

India's Alarming Jobless Growth – Demographic Gain Down the Drain

As India grows more prosperous and more citizens get educated, the country is facing a major problem. While every country would kill for millions of graduates […]
November 12, 2012

Global Labor Glut will keep Wages low and the 99% Poor

Global Labor Oversupply What has been missed out by economists worldwide is that capital is now heavily advantaged over labor which is leading to massive inequality […]
August 6, 2012

Globalization of Loot – 92,000 People Stash Mindboggling $21 Trillion in Tax Havens

Globalization It has been said time and again how Globalization has led to increasing prosperity around the globe with free movement of capital and trade. But […]
July 18, 2012

Overpopulation and Increased Lifespan make Life Tough for Youngsters

Overpopulation and Increased Lifespan This current day situation is taking an increasing toll on people graduating from colleges in the West. There are enough statistics to […]
June 30, 2011

China lowers Tax on Poor as Rising Inflation,Income Inequality (Gini Coefficient at 0.47) reaches Dangerous Levels

China has increased the tax exemption limits for urban workers by 80% to $540 a month as soaring inflation and rising income inequalities has reached dangerous levels.Note increasing corruption and vast income inequalities have led to increasing incidences of violence and riots in the country.The prices of essential commodities like food and fuel have been increasing rapidly like in the rest of the developing world.Despite the central bank increasing interest rates,the prices have hardly moderated.Pork prices have touched new records making the life of the poorest quite unbearable.Note Gini's coefficient in China has reached 0.47 which is very high.While economic prosperity has increased,a vast section of the population remains poor.This is apparent in the fact that only 24 million workers out of 300 million urban workers earn more than $6500 per year .
March 10, 2011

India's Shocking Income Inequality – 50 Billionaires and 800 Million Desperately Poor

Income Inequality in India has been rising at an unprecedented rate in the last couple of decades.The opening of the Indian economy has led to even starker levels of income disparity among the very rich and majority of the Indian citizens.The Crushing Income Disparity is seen in the world's most expensive $2 Billion House set amongst 42% of the world's hungry children.The latest Forbes report lists 50 Indian Dollar Billionaires with 2 in the Top 10.A 2007 report by the state-run National Commission for Enterprises in the Unorganised Sector (NCEUS) found that 77% of Indians, or 836 million people, lived on less than 20 rupees (approximately US$0.50 nominal; US$2 PPP) per day.The living conditions of the majority have already fallen further with food price inflation between 10-20%.
July 18, 2010

The world's most powerful country has only Insensitivity and Callousness to give to its weakest citizens

USA is unarguably the world’s richest and most powerful country after the fall of the Soviet Union in the 1980s.The country  is the only superpower left […]
May 6, 2010

We only eat meat in our dreams and possibly on holidays – Income Disparity in Egypt

The growth in income disparity around the world is striking.The internationalization of capital and trade has led to increasing amounts of income for the top percentiles […]