[1]https://www.brookings.edu/articles/new-insights-into-the-dis...
In figure 2.3, it shows that global inequality hasn't been lower since the 1870s, back when virtually all but the rich would be living in poverty by the standards of today.
> but the rich would be living in poverty by the standards of today
Such a comparison is completely useless. A person today in the US in poverty is better off than a caveman. What of it?
[1]: https://www.sciencedirect.com/science/article/abs/pii/S00144...
You could make an argument for 2019, but COVID-19 significantly increased global inequality; in wealth and health [1-3].
[1]: https://news.un.org/en/story/2020/01/1055681 [2]: https://www.economist.com/finance-and-economics/2022/08/02/g... [3]: https://inequality.org/facts/global-inequality/
There are still countries getting worse though sadly
>There are still countries getting worse though sadly
Do you mean https://ourworldindata.org/?
It would be far more constructive to give an actual link to proof than some massive site.
No offense, but that's like me saying, "You want proof that climate change is real? Check the internet," that's not proof, just some nebulous hand-waving. No one would or should believe that.
Their source data for the slight decline [1] in global inequality (which is only hypothetical) is the Worldbank [2], a source that has been heavily criticized for data-rigging [3-5].
The Worldbank also tries to present itself as helping to reduce inequality [6], so they have a bias for showing results.
I am not saying you are wrong or right, but let us keep the conversation quality on this website strong.
[1]: https://ourworldindata.org/grapher/global-and-between-countr...
[2]: https://documents1.worldbank.org/curated/en/9592514681766870...
[3]: https://www.reuters.com/business/world-bank-imf-face-long-te...
[4]: https://www.bloomberg.com/opinion/articles/2021-10-15/the-ge...
[5]: https://www.washingtonpost.com/politics/2021/09/20/theres-de...
[6]: https://www.washingtonpost.com/politics/2021/09/20/theres-de...
This was the article I was referring to:
https://ourworldindata.org/how-has-income-inequality-within-...
> Global inequality is actually decreasing (potentially at the expense of Americans).
The link you have [1] states that "While the steep rise of inequality in the United States is well-known, long-run data on the incomes of the richest shows countries have followed a variety of trajectories."
Also, "high and rising inequality is not an inevitability; it’s something that individual countries can influence".
This does not say anything about a global trend. This support nothing except that counties can influence inequality levels.
[1]: https://ourworldindata.org/how-has-income-inequality-within-...
Why? What are we doing differently now than we used to?
CEO pay has skyrocketed 1,460% since 1978
[0] http://web.archive.org/web/20220412104542/https://www.thegua...
I used to believe this too. Sadly the statistics suggest this is no longer happening and millennials as a generation are the first to be worse off than their parents, with rising income inequality being a driving factor. Robert reichs class is available for free on YouTube, interesting stats to follow to help entertain other perspectives.