Migration Summary
Despite the fact that physical migration is easier than ever because of improved lower cost transportation and communications, the fraction […]
US & World Migration
US & World Migration
World Migration
Worldwide, migrants fall into 3 broad categories: refugees, emigrants, and overseas workers. To repeat the numbers, in 2020 there were
US & World Migration
US In-Migration
The Numbers Given all the noise about immigration in the US, one might think there has been major change over
US & World Migration
Migration Introduction
People, as they have always done, move from country to country, or internally within a country, leaving one location to
Economic Mobility
Economic Mobility
For almost all people around the world, income comes mostly from labor, and their “wealth” is built from saving and
Wealth Distribution
Wealth Distribution
Income can be entirely consumed or part of it can be saved. If one saves over a period of time,
World Income Distribution
World Income Distribution
Income Distribution Between Countries Worldwide, income varies widely between countries and also within countries. GDP per capita gives us an
US Income Changes since 1970
US Income Summary
We’ve covered a lot of ground in looking at US income distribution and how it has changed, let’s summarize some
US Income Changes since 1970
Wage And Income Inequality Have Increased
As we’ve just seen, the substitution of capital for labor can increase wage inequality, and higher corporate profits increase income
US Income Changes since 1970
Wages For Most Have Grown, but Slowly Since 1970
One often noted statistic is that, for most occupations, inflation adjusted wages have not kept up with labor productivity increases.