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Economic Left

Economic news and commentary from a left perspective.

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Tag: wealth

Business, Labor

50 Richest Americans Are Worth As Much As The Poorest 165 Million

Covid-19 has exacerbated inequality in the U.S., with job losses falling heavily on low-wage service workers Continue reading 50 Richest Americans Are Worth As Much As The Poorest 165 Million

Hilary PughOctober 9, 2020Leave a comment
Business, Tech

If Bill Gates gave every person on Earth $10, he would still have $20 billion left over

The tech mogul’s net worth is estimated at over $96 billion. Gates was also the richest person in the world from 1995 until 2008 when he was surpassed by Amazon CEO Jeff Bezos. Continue reading If Bill Gates gave every person on Earth $10, he would still have $20 billion left over

Ezra PughNovember 13, 2019Leave a comment
Business, Government

Federal Reserve reveals top 10% of US households own 70% of wealth, bottom 50% own only 1%

The data which cover the years 1989 through 2018 reveal a consistent trend of widening wealth inequality. Continue reading Federal Reserve reveals top 10% of US households own 70% of wealth, bottom 50% own only 1%

Ezra PughNovember 12, 2019November 12, 20192 Comments
Business

Billionaire JP Morgan Chase CEO worried about income inequality but chides Sanders and Warren

Jamie Dimon, JP Morgan Chase’s billionaire CEO, is concerned about wealth inequality. Continue reading Billionaire JP Morgan Chase CEO worried about income inequality but chides Sanders and Warren

Ezra PughNovember 11, 2019November 12, 2019Leave a comment

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