Tagged: Wealth Inequality

Political & Economic Sociology

The "Sharing Economy": is sharing really caring?

The ‘sharing economy’ is on the rise and it might just revolutionise the way we buy and sell things.  It’s a fascinating new development, which one one hand may be seen as empowering and anti-corporate, or alternatively, as a threat to existing small businesses; a means for deepening existing inequalities of ownership; or something which appears vulnerable to the very corporations it seeks to replace. It’s also known as ‘collaborative consumption’ or the ‘peer-to-peer economy’, but whatever you want to...

Class & Stratification / Political & Economic Sociology

Increasing Income Inequality

by smteixeirapoit Income inequality soared in the United States, according to recent research published by Dr. Emmanuel Saez, Professor of Economics at the University of California Berkeley. In the past decade, the top 1.0 percent of incomes grew at a faster rate than the bottom 99.0 percent of incomes. As of 2007, the highest 0.1 percent of earners held 6.0 percent of the income and the highest 10.0 percent of earners held 49.7 percent of the income. These statistics were...