The two biggest trends on Earth: less poverty, more inequality

Less poverty, more inequality

DO IT SOMETIME What’s up? Good news and bad news: the number of people living in dire poverty have been steadily coming down but, the rich are getting richer.
What’s new?  The rich world has never been more unequal, and the poor world has never been richer: in 2018, we’re seeing record low levels of global “extreme poverty” and record levels of inequality, with wealth concentrated into a declining number of hands.
So what? As income inequality has increased since the 1990s, social mobility has stalled, meaning that fewer people at the bottom have moved up while the richest have largely kept their fortunes.
SOURCEAxios via Boingboing

 

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