Income Inequality

Income Inequality News

  • Westwood’s Alpert Links Income Inequality, CEO Pay (Audio)

    Dan Alpert, managing partner at Westwood Capital, says one of the big factors driving income inequality is the fact shareholders have virtually no power over corporate managers. This allows company executives to extract “economic rents” in the form of pay well in excess of their true contributions to the company’s bottom line, widening the gap between themselves and their workers. Alpert, author of “The Age of Oversupply: Overcoming the Greatest Challenge to the Global Economy,” speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

  • Startup Israel Suffering Most OECD Poverty as Poor Surge

    Unable to pay their rent and turned down for public housing, Yafit Krisi and her husband gathered their four children and moved into a tent outside the city hall in Ashkelon, on Israel’s Mediterranean coast.

  • Rich Deducting Groceries in Chile Target of Bachelet Plan: Taxes

    Writing off groceries as a corporate expense, a common practice among Chile’s wealthy, will get harder as the government moves to clamp down on tax avoidance to raise revenue needed to pay for social programs.

  • Cucinelli Sees Rosy 2014 Amid Strong Demand for Exclusivity

    Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive luxury goods.

  • Lamborghini Bikes Show Indonesia Inequality Risk: Southeast Asia

    Tedi Kumaedi earns about $87 a month selling instant coffee from his rusty bicycle near Jakarta’s stock exchange. At nearby TechnoBike, they’ve sold out of $25,000 Lamborghini-branded bicycles.

  • World's Highest Minimum Wage on Ballot in Switzerland

    Jasmin Eicher has already axed her sole full-time employee to keep afloat her shop selling cards, candles and paper in a Zurich suburb. If Switzerland approves what would be the world’s highest minimum wage, she says the only option would be to close her door.

  • Tarullo Says Fed Shouldn’t Rush to Avert Any Wage Pressures

    Federal Reserve Governor Daniel Tarullo said the central bank shouldn’t raise interest rates “preemptively” on a belief the recession cut the supply of ready labor in the economy.

  • In Silicon Valley, a New Investment: Eviction

    Virginia Valencia earns $12 an hour working the morning shift at Tesla Motors Inc. headquarters in Palo Alto, California, where she serves food and drinks to the staff and billionaire co-founder Elon Musk.

  • Jobless Benefits Stalled Even With U.S. Senate Passage

    U.S. House Republicans are showing no sign that they’ll move forward legislation the Senate passed restoring benefits for the long-term unemployed.

  • Twitter Tax Break is Target in San Francisco Income War

    On April 15, union workers will march to Twitter Inc.’s San Francisco headquarters to give the microblogging service a bill for the tax break it got three years ago to stay in the city.

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