- Sep 2022
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Consider another example—education. It is true that in most countries, asin the United States, a higher level of educational attainment is typically as-sociated with a lower risk of economic insecurity. But the penalties associatedwith low levels of educational attainment, and the rewards associated with highlevels of attainment, vary significantly by country. Full-time workers without ahigh school degree in Finland, for instance, report the same earnings as thosewith a high school degree. In the United States, however, these workers ex-perience a 24 percent earnings penalty for not completing high school.23 InNorway, a college degree yields only a 20 percent earnings increase over a highschool degree for full-time workers, versus a much higher 68 percent increase inthe United States.24 The percentage of those with a high school degree earningat or below the poverty threshold is more than 4 times higher in the UnitedStates than in Belgium.25
The US penalizes those who don't complete high school to a higher degree than other countries and this can tend to lower our economic resiliency.
American exceptionalism at play?
Another factor at play with respect to https://hypothes.is/a/2uAmuEENEe2KentYKORSww
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- Jun 2022
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Local file Local file
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Between 1914 and 1980, inequalities in income and wealth decreasedmarkedly in the Western world as a whole (the United Kingdom,Germany, France, Sweden, and the United States), and in Japan,Russia, China, and India, although in different ways, which we willexplore in a later chapter. Here we will focus on the Western countriesand improve our understanding of how this “great redistribution”took place.
Inequalities in income and wealth decreased markedly in the West from 1914 to 1980 due to a number of factors including:<br /> - Two World Wars and the Great Depression dramatically overturned the power relationships between labor and capital<br /> - A progressive tax on income and inheritance reduced the concentration of wealth and helped increase mobility<br /> - Liquidation of foreign and colonial assets as well as dissolution of public debt
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- Apr 2022
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twitter.com twitter.com
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ReconfigBehSci. (2020, November 3). As debate on ‘saving the economy versus saving lives’ marches on, it’s worth noting that this type of contrast actually has a name in fallacy research: Https://t.co/N8U4ABWTuh it’s also worth noting that there is now a substantial number of research articles on the topic. 1/n [Tweet]. @SciBeh. https://twitter.com/SciBeh/status/1323603017179013130
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- Dec 2021
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Sundaram-Stukel, R., Williams, N., & Davidson, R. J. (2021). Economic and Emotional Perceptions During and After COVID19. PsyArXiv. https://doi.org/10.31234/osf.io/zvrdj
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- Oct 2021
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Casara, B. G. S., Suitner, C., & Jetten, J. (2021). The Impact of Economic Inequality on Conspiracy Beliefs. PsyArXiv. https://doi.org/10.31234/osf.io/gtqy8
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- Mar 2021
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zcomm.org zcomm.org
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Preliminary results from the first year are tantalizing for anyone interested in solutions to address rising inequality in the United States, especially as they manifest along racial and gender lines. Within the first year, the study’s participants obtained jobs at twice the rate of the control group. At the beginning of the study, 28 percent of the participants had full-time employment, and after the first year, that number rose to 40 percent.
This is what happened when 125 participants were given $500/month over two years to see what would happen.
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papers.ssrn.com papers.ssrn.com
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Krupenkin, Masha, Kai Zhu, Dylan Walker, and David M. Rothschild. ‘If a Tree Falls in the Forest: COVID-19, Media Choices, and Presidential Agenda Setting’. SSRN Scholarly Paper. Rochester, NY: Social Science Research Network, 22 September 2020. https://doi.org/10.2139/ssrn.3697069.
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- Feb 2021
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advances.sciencemag.org advances.sciencemag.org
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Stewart, A. J., McCarty, N., & Bryson, J. J. (2020). Polarization under rising inequality and economic decline. Science Advances, 6(50), eabd4201. https://doi.org/10.1126/sciadv.abd4201
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www.washingtonpost.com www.washingtonpost.com
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Even worse, Shadow Stat's numbers show so much inflation the past 25 years that, as Jim Pethokoukis points out, it implies the economy hasn't grown at all during that time.
Important Point
Real economic numbers validate a 25 year period (or more) of manipulated inflation and low growth economy. INCOME INEQUALITY statistics and recent studies ALL validate fuzzy math, rosy picture for the 1% and stagnant dismal picture for average Americans. Trump based his entire campaign and Presidency on Making America Great Again
Supporting Link
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Time. ‘The Great Reset: How to Build a Better World Post-COVID-19’. Accessed 19 February 2021. https://time.com/collection/great-reset/.
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- Dec 2020
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Wiwad, D., Mercier, B., Piff, P. K., Shariff, A., & Aknin, L. (2020). Recognizing the Impact of Covid-19 on the Poor Alters Attitudes Towards Poverty and Inequality. PsyArXiv. https://doi.org/10.31234/osf.io/geyt4
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- Oct 2020
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- Sep 2020
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- Aug 2020
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- Jul 2020
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- Jun 2020
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Bonaccorsi, G., Pierri, F., Cinelli, M., Flori, A., Galeazzi, A., Porcelli, F., Schmidt, A. L., Valensise, C. M., Scala, A., Quattrociocchi, W., & Pammolli, F. (2020). Economic and social consequences of human mobility restrictions under COVID-19. Proceedings of the National Academy of Sciences, 202007658. https://doi.org/10.1073/pnas.2007658117
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