Quote by Edward Luce Download Open image ““Today, the US median income is still below where it was at the beginning of this century.”” — Edward Luce ★ ★ ★ ★ ★ 2.7 out of 5 (9 ratings) Copy quoteShare
“The West’s median income, meanwhile, has barely shifted in the last half-century.” — Edward Luce Copy Share Image
“But once again, there is some disappointing news, as the income of the median or typical American household is down since 2000, and unless… — Tyler Cowen Copy Share Image
“All around us we see a level of individual wealth unequaled since the early years of the 20th century.” — Tony Judt Copy Share Image
“Between 1971 and 2001, while the median wage and salary income of the average worker showed literally no gain, the income of the top… — Barack Obama Copy Share Image
There's no such thing as median income; there's a curve, and it really matters what side of the curve you're on. There's no such… — Marc Andreessen Copy Share Image
“For instance, in Sweden, Finland, and Germany, income inequality has actually grown more quickly over the past twenty to thirty years than in the… — Erik Brynjolfsson Copy Share Image
By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that… — Janet Yellen Copy Share Image
“A person living at the poverty line in the U.S. belongs to the richest 14% of the world population; someone earning a median wage… — Rutger Bregman Copy Share Image
“if we consider the total growth of the US economy in the thirty years prior to the crisis, that is, from 1977 to 2007, we find that the richest 10 percent appropriated three-quarters of the growth. The richest 1 percent alone absorbed nearly 60 percent of the total increase of US national income in this period. Hence for the bottom… — Thomas Piketty Copy Share
“Some countries in earlier eras achieved rising per capita incomes but, when the source of the rise had been played out, were unable to… — Edward A. Hudson Copy Share Image
“a first step, most Americans earning median incomes will find that serious progress is made at first through the intelligent and intentional application of… — Scott Trench Copy Share Image
And wages - we'll see the end of this decline we're having. The median income in America is down 10% in just the last… — Mitt Romney Copy Share Image
“Davos has become the emblem of a global elite that has lost its ability to listen.” — Edward Luce Copy Share Image
“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 – at best – for a generation. Tens of millions of Westerners will struggle to keep their heads above the surface over the coming decades. The spread of automation, including artificial intelligence and remote intelligence, which… — 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 dutifully strip the paint off their office walls. They litter their workplaces with the same multicoloured pouffes. ‘We are using the acceleration of information transmission to decelerate changes in our physical world,’ writes Cowen. ‘Most Americans… — 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 Image
“Almost half of Americans would be unable to pay a $400 medical emergency bill without going into debt.67” — Edward Luce Copy Share Image
“In the US, the more liberal a city’s politics, the higher the rate of inequality.45” — Edward Luce Copy Share Image
“With chisels and pickaxes we made our tiny contributions to this orgy of historic vandalism.” — Edward Luce Copy Share Image
“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 Image
“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 subjects (science, technology, engineering and maths) are in jobs that do not require any such qualification.52 They must still pay off their student debts. Up and down America there are programmers working as office temps and… — 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 democracy, how was the rest of the world supposed to feel? It was on Obama’s watch that the tally of global democracies fell most sharply. The world now has twenty-five fewer democracies than it did at… — 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 Image
