Recent new data show a worrying picture of Latin America and the Caribbean. Income poverty reduction has stagnated and the number of poor has risen — for the first time in a decade — according to recent figures from the Economic Commission for Latin America and the Caribbean.
Global youth unemployment may be “six or seven times” what the International Labor Organisation’s (ILO) latest figures state, due to what a youth advocacy group calls a flawed system of assessment.
Since his college days, John Schmitt says, he’s been “very interested in questions of economic justice, economic inequality.”
Myanmar is never out of the news for long. This has been the case since a popular uprising challenged military rule in 1988. For over two decades, the country was featured in mainstream media primarily as one unable to cope with its own internal contradictions, a nation crippled by violence.
“Supersize my salary now!” The refrain rose over a busy street outside a McDonald’s in downtown Seattle.
In new data certain to fuel the growing public debate over economic inequality, a survey released Tuesday by the biggest U.S. trade-union federation found that the CEOs of top U.S. corporations were paid 331 times more money than the average U.S. worker in 2013.
It’s almost 20 years now since Sylidio Gashirabake, a Hutu, was a perpetrator in Rwanda’s genocide. It’s also almost 20 years since his neighbour, Augustin Kabogo, a Tutsi, lost his sister and family in the violence. But today, both men work side-by-side in their joint business venture in Kirehe district in southeastern Rwanda.
Moral Monday, the populist movement in North Carolina that saw a diverse coalition of thousands of progressive activists descend upon the state legislature, is now spreading throughout the U.S. South.
In the midst of a nationwide movement for policymakers to raise minimum wages for millions of workers in the United States, experts here continue to debate the advantages and drawbacks of raising the federal rate.
Growing income inequality will pose a major threat to social stability in countries around the globe, according to a new report by the World Economic Forum.
Voters fed up with the extremely unequal distribution of wealth and power in Chile are expected once again to elect a centre-left government Sunday.
With the richest one percent of the population now owning 40 percent of global assets, and the bottom half sharing just one percent, inequality is fast being recognised as a stubborn underlying obstacle to development.
Latin America has had a good decade. Over the last 10 years, economic growth averaged 4.2 percent, and 70 million people escaped poverty. Macroeconomic stability, open trade policies and pro-business investment climates have supported and will continue to support strong growth in the years to come.
Latin American governments have increasingly been working to lessen inequality in the region, but new data suggests their efforts vary widely in quality and impact.
“Recall the face of the poorest and weakest man you have seen, and ask yourself if this step you contemplate is going to be any use to him.”