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posted by
martyb
on Saturday January 27 2018, @12:43PM
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
The 1% grabbed 82% of all wealth created in 2017
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.
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Only 1% of World's Population Grabbed 82% of all 2017 Wealth
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(Score: 2) by Gaaark on Saturday January 27 2018, @08:22PM
He's saying that if you have 100 jobs for 100 people, then suddenly there are 200 people for those 100 jobs, the wage offering will go down due to there being more people applying for the job,
NOT,
more people are working so the family income should go up.
More people looking for the same jobs makes wage go down. (50 people looking for 100 jobs means wage will go up: supply and demand). Logical.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---