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Thu Jan 17, 2013, 09:43 PM

Salon: Income inequalty in the U.S. rivals that of developing nations

The distance from Bridgeport, Connecticut to Bangkok, Thailand is 8,639 miles. But then, it depends what one means by the word “distance.”As we discovered in the first installment of this GlobalPost Special Report, by some measures there is not much distance at all.

Take the Gini Index, the scale that economists use to measure income equality, with zero equaling perfect equality and 1 representing absolute inequality in which one person owns everything. Thailand, where Bangkok is the bustling capital city of one of Southeast Asia’s fast growing “Tiger economies,” comes in at .536. The Bridgeport area — Fairfield County — is slightly worse at .539. The two places fall very close in their ranking on the Gini Index as highly unequal.

Put more simply, these are cities where you can move, often within minutes, between the wrenching poverty of the dispossessed and the opulence of the super-rich. The physical distance between rich and poor in these places is small. But for the people who live in Bangkok and Bridgeport, traveling from the lower economic rungs to the higher ones is extremely difficult.

That has long been true in the developing world. And in America, which has long lived with the idea of mobility and a belief that all have a shot at the American Dream, it is increasingly difficult, as new economic research reveals.

To explore these issues of global income inequality and its cost, GlobalPost begins today a series of reports by more than 20 reporters, photographers and videographers from every corner of the world. The result of more than six months of reporting and data analysis, the Special Report seeks to match and compare American metropolitan areas with foreign countries that have similar levels of income inequality.

http://www.salon.com/2013/01/17/income_inequality_in_the_u_s_rivals_that_of_developing_nations/

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Reply Salon: Income inequalty in the U.S. rivals that of developing nations (Original post)
Yo_Mama_Been_Loggin Jan 2013 OP
pampango Jan 2013 #1
uponit7771 Jan 2013 #2
Quantess Jan 2013 #3
eppur_se_muova Jan 2013 #4
leftstreet Jan 2013 #5
Rex Jan 2013 #6

Response to Yo_Mama_Been_Loggin (Original post)

Thu Jan 17, 2013, 10:44 PM

1.  Great article. Thanks for posting. Glad that GlobalPost is doing a series on income inequality

around the world and comparing it to our own.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 18, 2013, 08:08 AM

3. This is one of THE biggest problems in the United States right now.

If I could only list 5 of the US's major, core, fundamental, problems on one hand, class inequality would be one.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 18, 2013, 12:00 PM

4. Yep, try reading Stiglitz's "Price of Inequality" ...

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 18, 2013, 12:04 PM

5. DURec

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 18, 2013, 12:08 PM

6. Evidently so does our gun violence.

nt.

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