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

Great Question

This is an easy question to answer from my perspective. For me (age 62) and most of my peers, their kids and their peers, we are NO better off than we were a quarter century ago! A large part is the change from Industrial/Manufacturing to Technology and the outsourced labor and manufacturing. America has changed, this is FACT

correspondent, S. W. E. (2021, January 21). Home schooling is widening attainment gap between rich and poor, finds report. The Guardian. https://www.theguardian.com/education/2021/jan/21/home-schooling-is-widening-attainment-gap-between-rich-and-poor-finds-report

Byrne, K. A., Six, S. G., Ghaiumy Anaraky, R., Harris, M. W., & Winterlind, E. L. (2020, November 5). Risk-Taking Unmasked: Using Risky Choice and Temporal Discounting to Explain COVID-19 Preventative Behaviors. https://doi.org/10.31234/osf.io/uaqc2

Similar to CUP and IOP, Sage, and Springer Nature, many UK institutions have signed a contract to fund Wiley's publishing activities for four more years as a result of Plan S, regardless of how many authors accepted manuscripts (AAM) are openly available in repositories. This fact undermines the arguments made above by the STM Association about the rights retention strategy (RRS) undermining financial sustainability.

Furthermore, the financial credit cap for the Wiley deal is operationally low, resulting in additional expenditure for institutions at the end of the calendar year when open access support funds are running low. This additional cost is not sustainable for many institutions and unintentionally creates inequitable access to no-additional-cost publishing.

UK institutions have been through several terms of the Springer Compact deal and continue to negotiate amendments and additional terms with added expense. The Springer Compact deal delivers no-additional-cost publishing for an upfront commitment of funds by institutions. Regardless of how many authors accepted manuscripts (AAM) are openly available in repositories institutions continue to support Springer Nature's publishing activities. This fact undermines the arguments made above by the STM Association about the rights retention strategy (RRS) undermining financial sustainability.

Similar to CUP and IOP, many UK institutions have signed a contract to fund Sage's publishing activities for three years as a result of Plan S, regardless of how many authors accepted manuscripts (AAM) are openly available in repositories. This fact undermines the arguments made above by the STM Association about the rights retention strategy (RRS) undermining financial sustainability.

Similar to CUP, some UK institutions have signed a contract to fund IOP's publishing activities for four years as a result of Plan S, regardless of how many authors accepted manuscripts (AAM) are openly available in repositories. This fact undermines the arguments made above by the STM Association about the rights retention strategy (RRS) undermining financial sustainability.

Many UK institutions have signed a contract to fund CUP's publishing activities for four years as a result of Plan S, regardless of how many authors accepted manuscripts (AAM) are openly available in repositories. This fact undermines the arguments made above by the STM Association about the rights retention strategy (RRS) undermining financial sustainability.

This is an inaccurate statement or at the very least misrepresents the situation. Despite the Rights Retention Strategy (RRS), publisher may - and many do - continue to charge page charges, over-run charges, colour charges, submission fees, society fees, etc. to the author. The author may also choose to pay an open access article processing charge (APC), without using their funder's money. Furthermore, the RRS does not eliminate the publisher charging subscription fees, licensing fees for the reproduction of content (e.g. figure resue), access to meta-content, docdel etc. or, indeed, individual access to the version of record (VoR) where a reader has identified a need to see the VoR after seeing the authors accepted manuscript (AAM)

This is an untested statement and does not take into account the perspectives of those contributing to the publishers' revenue. The Rights Retention Strategy (RRS) relies on the author's accepted manuscript (AAM) and for an AAM to exist and to have the added value from peer-review a Version of Record (VoR) must exist. Libraries recognise this fundamental principle and continue to subscribe to individual journals of merit and support lucrative deals with publishers. From some (not all) librarians' and possibly funders' perspectives these statements could undermine any mutual respect.

UNCTAD (2020) Coronavirus will cost global tourism at least $1.2 trillion. https://unctad.org/news/coronavirus-will-cost-global-tourism-least-12-trillion

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EXAMINE THE SYSTEMS WHICH HELP TO ENFORCE THIS RACIAL INCOME DIVIDE! Most relate. Fixing these systems could help to bridge the income gap between racial groups. Even laws so ingrained in us.

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great quote

I don't think we have to go back even this far. If I recall correctly, even 150 years ago the vast majority of the world's population were subsistence farmers. It's only been since the 20th century and the increasing spread of the industrial revolution that the situation has changed:

Even England remained primarily an agrarian country like all tributary societies for the previous 4,000 years, with ca. 50 percent of its population employed in agriculture as late as 1759.

--David Christian, Maps of Time (pp 401) quoting from Crafts, British Economic Growth, pp. 13–14. (See also Fig 13.1 Global Industrial Potential from the same, for a graphical indicator.

This is an interesting website for the extreme contrasts it brings out with regard to income inequality.

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Multiple articles from Financial Times - Future of AI and Digital Healthcare

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