Please see below selected recent equality-related change.
See also: Halcyon Equality Headlines
- The new World Inequality Report noted that inequality is rising in nearly every part of the globe. Much of this is driven by greater privately-owned capital and the concentration of that ownership
- In the United States, income for the top 0.1 percent of earners rose 321 percent from 1978 to 2015. The bottom 50 percent saw their income fall by 1 percent.
- Recently, the Women’s Forum for the Economy & Society put out a manifesto – a call for action to the G7 governments. It asked the G7 to take seven key steps for women’s empowerment and gender equality, such as leading by example in the public sector by using gender budgeting and placing women in decision-making roles; ensuring equal access to advanced technological education for equal outcomes for women; and drawing on women’s leadership where possible.
- A new study on the geography of inequality suggests that living in a poor neighbourhood can change your biology, with for example perceived discrimination contributing to poorer mental and physical health among ethnic minorities.
- An African American man is reportedly now six times more likely to be arrested than a white man, resulting in the dismal statistic that one in every three African American men can currently expect to be imprisoned in their lifetime
- Cultural integration and political representation are at an all-time high for LGBT communities around the world, claimed Quartz, which is exploring what this means for the global economy in a newseries, Global Pride. Through the lens of health, travel, fitness, and politics, Quartz reporters take a deep dive into stories that it believes are relevant to all global citizens (LGBT or not).
- Wealth inequality is one of the great moral issues of our time, claimed Big Think. In an era when the world has more money than ever before, billions still live on less than $3 a day. The disparity becomes more striking in the light of studies that show most income inequality comes down to luck, with people of average talent able to shoot to the top of the ladder by being in the right place at the right time.
- Many explanations of income inequality focus on wages or tax law. But the different ways in which the poor and the rich pay for goods and services conceal a form of wealth redistribution that widens the divide. Affluent consumers use credit cards stuffed with rewards, while those at the other end of the income spectrum pay in cash that might come from payday loans or incur overdraft fees. A 2018 article offered insights on how skewed US payment systems bankroll benefits to the wealthy at the expense of the less well-off.
- One-fifth of the world’s population are unbanked, noted Quartz. Historically, it hasn’t been economically viable to provide financial services for these individuals, as they didn’t meet the minimum profitable threshold for most financial institutions. However, the introduction of new technologies has the potential to lower the cost of overcoming the hurdles that stop people entering the banking world. Emerging markets are already embracing innovative technology and developing policy to increase financial inclusion, which represents an estimated US$200 billion opportunity.
- French economist Thomas Piketty estimates that offshore assets held by wealthy Russians exceed one year of Russia GDP. It’s a measure of the extent to which Russia’s natural wealth no longer lives in Russia.
- Gender inequalities in the labour market start early. Even as babysitters, males are more likely to get a raise than females. And if there was an emotional connection between the female and the child, they were least likely to receive raises.
- A report from the World Bank found that South Africa is the world’s most unequal country. The top 1 percent of South Africans own 70.9 percent of the nation's wealth. The bottom 60 percent of South Africans collectively control just 7 percent.
- Income inequality has been declining for the last three decades on a global level as countries in Asia and elsewhere play catch-up with more developed economies. Globalised trade and market liberalisation have facilitated the rise of the middle class in these emerging markets, particularly in China, India and sub-Saharan Africa, and is contributing to wealth accumulation. However, in developed countries like the U.S., U.K., Canada, Ireland and Australia, the top 1% have disproportionately benefited from economic growth.
- The picture for the economic gap between men and women is bleak and won’t be closed for another 217 years, according to the latest World Economic Forum analysis.