Income & Output
Income & Output Articles
Income inequality in the U.S. has been creeping upwards for decades. Over the 40 years between 1980 and 2019, income inequality – a measure of the uneven dispersion of wealth across a...
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The U.S. is home to, at last count, 735 billionaires, the most of any country, who have a combined net worth of $4.5 trillion, according to Forbes magazine. By combining business savvy, the outlook...
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Claims that Chinese entities were buying U.S. farmland at an alarming rate has led state and federal lawmakers from both ruling political parties to call for regulating and even stripping away...
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The rising cost of living in the United States in recent years, coupled with longer-term stagnation of wages, have eroded the ranks of the American middle class – which has long been a pillar...
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Elizabeth Holmes, the disgraced founder of Theranos, reported to prison in May. She recently had her 11 year sentence reduced by 2 years, possibly for good behavior. After being convicted of wire...
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Incomes have been on the rise in the United States for well over a decade. Since 2010, the typical American household’s earnings climbed between 0.9% and 6.1% annually. Still, in recent years,...
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The middle class is a pillar of economic and social stability in the United States. Not only a reliable market for goods and services, the American middle class is also an engine of entrepreneurship...
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“A million dollars isn’t cool. You know what’s cool? A billion dollars.” Well, at least that is what Napster founder Sean Parker (played by Justin Timberlake) says to a young Mark Zuckerberg...
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Amidst failed negotiations over compensation and other concerns, the Hollywood writers’ strike passed the 100-day mark on Aug. 9. (See the most significant strikes in Hollywood history.) One factor...
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Over the last five years, the U.S. population grew by 2.7%, increasing from approximately 327 million in 2016 to nearly 332 million in 2021, with immigration accounting for nearly the entire...
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The last two decades have marked a period of swift economic advancement in China. From 2001 to 2021, China’s gross domestic product expanded by over 1,200%, soaring from $1.34 trillion to...
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The national median household income reached $69,021, according to the U.S. Census Bureau December release of the 2021 American Community Survey five-year estimates. Median household income is an...
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Poverty in the United States is a persistent and complex issue that affects millions of individuals and families. Despite being one of the world’s wealthiest nations, a significant portion of...
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With a GDP of $25.5 trillion in 2022, the U.S. generates more wealth than any other country on Earth. Not only the world’s largest economy, according to Credit Suisse, the U.S. is also home to...
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The last time federal lawmakers mandated an increase to the nation’s minimum wage, President George W. Bush was in office, Apple released the first iPhone, and Beyoncé’s “Irreplaceable” was...
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