Tag: income inequality
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China's new leadership faces challenges in the new year
China has become the largest trading partner for much of the world. Though, and perhaps because, China is in a position of economic power, income inequality and migration have become large problems for the country's new leadership to address. ...
As machines replace workers, middle class struggles to keep up
Technology has long been a driver of economic growth. But it often comes at a cost. As new innovations allow companies to replace more skilled workers with automated machines, many of those workers are left with nowhere to go. ...
American privilege comes with a cost -- but is it too high?
Treasury Secretary Timothy Geithner made what some have called an outrageous claim about the roles of American citizens and their government, in calling for the most fortunate Americans to bear the burden of the privilege of being an American by paying higher taxes. Is it a privilege to be an American? And if so … what does that privilege cost?...
As wealthy invest in urban properties, middle class being priced out in some areas
For the wealthiest global citizens, the investment of choice is increasingly becoming real estate in the most desirable areas of the world's largest cities. In London, for example, home prices are skyrocketing, and it's pushing many of the middle class to a point where home ownership is unthinkable....
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