The average CEO makes more in an hour than his or her average employee makes in a month.
The rise of extreme income and wealth inequality is one of the biggest crises in the American economy. One of the causes of the wealth inequality is the bizarre consensus that, when it comes to the pay scales of the people at the top, there’s no such thing as “too much.”
Continue reading… “The average CEO makes 380 times as much as the average employee”
A new study suggests languages shape how we think about the future, and how we plan for it.
New research by Keith Chen of Yale Business School suggests that the language we speak can determine how healthy and rich we will be. The structure of languages affects our judgments and decisions about the future and this might have dramatic long-term consequences.
Continue reading… “How the language we speak affects how healthy and rich we will be: Study”
You probably took away a couple facts if you watched Poltizane’s viral video on U.S. wealth inequality. America’s rich claim an even more mind-bogglingly huge share of the nation’s wealth than they do of its income, and most people in this country would like them to have less of it.
Continue reading… “U.S. wealth inequality is extreme by global standards”
Today’s super-rich are different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity.
If you were watching television on the first Sunday morning in August last summer, you would have seen something curious on NBC. David Gregory, host of Meet the Press, was interviewing a guest who made a forceful case that the U.S. economy had become “very distorted.” In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a “significant recovery”; the rest of the economy, by contrast—including small businesses and “a very significant amount of the labor force”—was stuck and still struggling. He argued that what we were seeing was not a single economy at all, but rather “fundamentally two separate types of economy,” increasingly distinct and divergent.
Continue reading… “The rise of the new super-rich”
More money doesn’t necessarily lead to greater happiness.
Many Americans are finding reasons to be thankful this time of year despite lingering unemployment and a still sluggish economy. For some, unexpected layoffs, financial setbacks, or simply a desire to spend more time with family have served as a reality check, a wake-up call for consumers to rethink their idea of wealth and prosperity.
Continue reading… “Rethinking prosperity in America”
How rich are the superrich?
A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
Continue reading… “11 charts that explain the financial inequality in America”
Liang Wengen, founder of Sany Group is China’s richest man with a fortune of 70 billion yuan ($11 billion), according to the Hurun Rich List 2011.
Continue reading… “China’s billionaires group continues to grow rapidly”
The smartest 5 percent, made a big contribution to the strength of their economies.
It’s not just how free the market is. Some economists are looking at another factor that determines how much a country’s economy flourishes: how smart its people are. For a study published in an upcoming issue of Psychological Science, researchers analyzed test scores from 90 countries and found that the intelligence of the people, particularly the smartest 5 percent, made a big contribution to the strength of their economies.
Continue reading… “Wealthiest Countries Are Also the Smartest Countries: Study”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.