The Guardian | Never before in American history have so few had so much wealth and power. Today, the top one per cent owns more wealth than the bottom 93%. One man, Elon Musk, worth $805bn, owns more wealth than the bottom 53% of American households.
And that inequality is getting worse. Last year...
LSE | Do technological advances complement human labour, boosting productivity and wages? Or do they lead to workers being displaced? There are examples of both dynamics. But new research from Raquel Sebastián, Pedro Salas-Rojo, Juan César Palomino and Juan Gabriel Rodríguez looks at the net effec...
Global Policy | Many economists dismiss the relevance of inequality (if everybody’s income goes up, who cares if inequality is up too?), and argue that only poverty alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with poverty s...
Institute for Policy Studies | This report analyzes the 20 largest employers of low-wage U.S. workers, a group we’ve dubbed the “Low-Wage 20.” Together, the Low-Wage 20 companies employ approximately 6.7 million people in the United States. Their median worker wages in 2024 ranged from $9,602 (Ross...
Inequality.org | A recent poll found that nearly half of people in the US are having difficulty affording basic necessities like groceries, utility bills, health care, housing, and transportation. A new Institute for Policy Studies report shows that the typical pay at the largest low-wage employers...
IFS | We study the welfare cost of inflation during the 2021–2023 UK inflation surge using household scanner data on fast-moving consumer goods. We develop and implement a non-homothetic, index number-based decomposition of inflation-driven welfare changes into exposure, substitution, and income eff...