Inequality Financial News

Subscribe to enjoy similar stories. Real wages are growing again as the rise in inflation abates, but remain below their prepandemic levels in many parts of the rich world even as they surge in China and Russia, according to a report released Thursday by the United Nations. In its annual survey of wage developments, the U.N.’s International Labour Organization said wage inequality within countries has fallen since the start of this century, with the decline being most pronounced in poorer countries.

A federal judge has signed off on a settlement agreement Wednesday in a class action lawsuit alleging that an algorithm designed to score rental applicants discriminated on the basis of race and income

Subscribe to enjoy similar stories. The US elections are over and the outcome is an uncontestable victory for Donald Trump and the Republican Party. Trump got 50.4% of the national vote, a margin of more than 2 percentage points over Kamala Harris.

Subscribe to enjoy similar stories. Since Wednesday, American intellectuals have tried to guess why Americans voted Donald Trump to power, even though they had discouraged them. They have given a host of reasons, except one.

Subscribe to enjoy similar stories. Even as growing inequality confronts India as a challenge, remuneration trends among large Indian companies are exacerbating worries. While the top leaders of Nifty 500 firms earn staggering sums, as a Mint study finds, what they are paid as a multiple of the median pay of their employees has reached eye-popping levels too.

Modi on Friday accused the Congress of practicing a «culture of fake promises», party president Mallikarjun Kharge hit back by saying Modi's «drumbeating regarding a 100-day plan was a cheap PR stunt!». Kharge was referring to the Modi-led's Lok Sabha election poll campaign promise of an action plan in the first 100 days of the third Modi government.

The John D

Capitalism has yielded significant benefits over the last century. It has driven economies and businesses towards high growth powered by competition, productivity and innovation. This growth has been accompanied by unprecedented job creation, growth in per-capita incomes and standard of living, urban infrastructure and development, free trade, and the creation of market-driven economy.

Subscribe to enjoy similar stories. The first half of 2024-25 is done, the Centre’s report card for the Indian economy over the first five months ended August is out, and, beneath its optimistic timbre, its underlying tone betrays a suppressed sense of apprehension about lingering structural fault-lines.

Prince Harry’s latest philanthropic move will gather world business leaders and philanthropists to work towards fostering prosperity in Southern African communities

First lady Jill Biden has unveiled a new set of actions to address health inequities faced by women in the United States

The Congressional Black Caucus has issued new guidelines for corporations to use in adopting their diversity, equity and inclusion policies

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

The Platform 2," directed by Galder Gaztelu-Urrutia, is set to premiere at the San Sebastián Film Festival this September. The film is a follow-up to the popular Netflix movie «The Platform.»

Kaushik Basu on Saturday said India needs to tame inflation that disproportionately affects people who spend a large chunk of their income on food and could exacerbate inequality. «Even if inflation is at 5.1%, food inflation is at 30%. For someone spending 50% of their income on food, that 30% food inflation is hitting them significantly harder despite government programmes like PM Gareeb Kalyan Yojana providing some relief,» Basu said at a Delhi School of Economics event to mark its 75 years of existence. Basu, who served as the chief economic advisor to the central government under the United Progressive Alliance regime, also underscored the importance of the next 10-15 years for lower middle-income category countries such as India to unleash the demand for labour.

Indian Medical Association's (IMA's) inception in 1928, only one was a woman, said a team of researchers, including those from The George Institute for Global Health, New Delhi. They looked at the current and past leaderships of the professional medical associations, including the Indian Public Health Association (IPHA) and those of all broad medical and surgical specialties. Unequal gender representation persists even in the medical associations closely involved in women's health such as obstetrics and gynaecology, pediatrics and neonatology, highlighting a male dominance, the authors said in the study published in the journal PLoS Global Public Health.

No consumer durable purchase is a more powerful marker of upward mobility than car ownership. Air conditioners, washing machines, etc, tend to be utility purchases. The car one owns, in contrast, is not just far more publicly visible, it is a status symbol in India.

Millennials are now wealthier than previous generations were at their age. They can’t believe it either.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse. According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased. Unsurprisingly, this includes India and China.

Advocates say air conditioning is no longer a luxury but a public health and affordability issue