income inequality News

Citing Wealth Gap, Environment, CEOs Say Social Responsibility Matters

Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. The group’s “statement of corporate purpose” was signed by the heads of more than 180 U.S. companies, including the …

Here Comes the New Generation of Very Rich Americans

The rich are getting richer, and younger. A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. These fabulously rich Americans, whose ranks have more than doubled since …

Robots Portend Grim Future for Working Class: Viewpoint

Marc Andreessen, venture capitalist and one of the pioneers of the world wide web, once declared: “The spread of computers and the internet will put jobs in two categories. People who tell computers what to do, and people who are …

Worsening Wealth Gap Is World’s Biggest Risk: World Economic Forum

The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global experts contributing to the World …