“It is not just that people are staying physically put. They are also likelier to stay trapped in the same income group. America, in particular, which had traditionally shown the highest class mobility of any Western country, now has the… — Edward Luce Copy Share Image
“Davos has become the emblem of a global elite that has lost its ability to listen.” — Edward Luce Copy Share
“By any numerical measure, humanity is becoming rapidly less poor. But between half and two-thirds of people in the West have been treading water… — Edward Luce Copy Share
“Cowen detects conformism even in the liveliest Silicon Valley companies. Most of its denizens wear some variation on the casual hipster uniform and all… — Edward Luce Copy Share
“It would also require a conscious effort to look at the world from unfamiliar standpoints and admit that the West has no monopoly on… — Edward Luce Copy Share
“Almost half of Americans would be unable to pay a $400 medical emergency bill without going into debt.67” — Edward Luce Copy Share
“In the US, the more liberal a city’s politics, the higher the rate of inequality.45” — Edward Luce Copy Share
“With chisels and pickaxes we made our tiny contributions to this orgy of historic vandalism.” — Edward Luce Copy Share
“the Toil Index – the number of working hours it takes a median worker to pay the median rent in one of America’s big… — Edward Luce Copy Share
“Today’s equivalent is probably ‘get an engineering degree’, but it will not necessarily be as lucrative. A third of Americans who graduated in STEM… — Edward Luce Copy Share
“Shortly afterwards Addis Ababa launched a crackdown on its opponents that resulted in hundreds of deaths. If America’s president was in two minds about… — Edward Luce Copy Share
“Émile Durkheim, the father of modern sociology, said that when societies hit a civilisational break the suicide rate soars.” — Edward Luce Copy Share
“In 1970 only about one in seven American families lived in neighbourhoods that were unambiguously ‘affluent’ or ‘poor’.40 By 2007 that number had risen… — Edward Luce Copy Share
