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The Income Inequality Debate

The Income Inequality Debate | ACS Economics | Scoop.it
With the Occupy Wall Street movement now a year old, income inequality remains hotly debated globally. This Backgrounder examines the issues.
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Please read this article and answer the following questions.

1) What is the Gini Coefficient?

2) What reasons does the article give for rising inequality (there are many)?

3) Evaluate the "Distribution of Household Income" graph.  What are the conclusions?

4) According to the article what are the solutions?

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If you hate Uber's surge pricing, get ready to see it everywhere

If you hate Uber's surge pricing, get ready to see it everywhere | ACS Economics | Scoop.it
It’s terrible for businesses and even worse for consumers.
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What If?

What If? | ACS Economics | Scoop.it
What if the eras of the E.U., high growth in China, expensive oil and newly independent nations’ economic foundations are all over?
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We’re in a Low-Growth World. How Did We Get Here?

We’re in a Low-Growth World. How Did We Get Here? | ACS Economics | Scoop.it
Economic growth in advanced nations has been weaker for longer than it has been in most people’s lifetimes.
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A Look Ahead at the Next Recession

A Look Ahead at the Next Recession | ACS Economics | Scoop.it
At the Brookings Institution recently, Shaun Donovan, Lawrence H. Summers and Eduardo Porter discussed the lessons learned from the Great Recession.
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Fiscal and monetary policy discussion for dealing with recessions.
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Recession, retrenchment, revolution? Impact of low crude prices on oil powers

Recession, retrenchment, revolution? Impact of low crude prices on oil powers | ACS Economics | Scoop.it
In an unprecedented year for the oil business, each of the major producers has its own problems. How will they react?
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New Economics Foundation

New Economics Foundation | ACS Economics | Scoop.it
The New Economics Foundation is an independent think-and-do tank that inspires and demonstrates real economic wellbeing.
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Ecological economics -

Opposing Viewpoints in Context
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Great support/evidence for environmental regulation.

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Economist Debates: The cost of higher education

Economist Debates: The cost of higher education | ACS Economics | Scoop.it
This house believes that individuals, not the state, should pay for higher education.
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Both sides of the issue . . . 

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Over-regulated America

Over-regulated America | ACS Economics | Scoop.it
AMERICANS love to laugh at ridiculous regulations. A Florida law requires vending-machine labels to urge the public to file a report if the label is not there. The...
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Regulation?  Good or bad?  Command or market?

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Liquid Candy: Sugary Drink Taxes ~ CSPI

Since 1971, the Center for Science in the Public Interest has been a strong advocate for nutrition and health, food safety, alcohol policy, and sound science. Its award-winning newsletter, Nutrition Action Healthletter, is the largest-circulation health newsletter in North America, providing reliable information on nutrition and health.
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Command or market?  Good or bad?

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5.2 Million Hits and Counting! (A Web Video)

5.2 Million Hits and Counting! (A Web Video) | ACS Economics | Scoop.it
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Wealth inequality is a product of a market economy.  Good or bad?

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The pound has hit a 31-year low – it's time to accept Brexit will make us poorer

The pound has hit a 31-year low – it's time to accept Brexit will make us poorer | ACS Economics | Scoop.it
In 1985 Nigel Lawson believed sterling was so weak against the dollar that a major market intervention by central banks around the world was justified. The then Chancellor signed the “Plaza Accord” in September of that year in New York on behalf of the Thatcher government. That landmark deal was designed to bring down the value of the US currency against a host of other major currencies, including the pound.
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Share your insight
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Union decline lowers wages of nonunion workers: The overlooked reason why wages are stuck and inequality is growing

Union decline lowers wages of nonunion workers: The overlooked reason why wages are stuck and inequality is growing | ACS Economics | Scoop.it
Private-sector union decline since the late 1970s has contributed to wage losses among workers who do not belong to a union. This is especially true for men, particularly non–college graduates. For nonunion private-sector men without a bachelor’s degree or more education, weekly wages would be an estimated 8 percent ($58) higher in 2013 if union density remained at its 1979 levels. These lost wages due to declining union power eclipse non–college graduates’ estimated 5 percent wage loss from increased trade with low-wage nations, signaling that decline in union power must receive more attention in the debate over wage stagnation and growing inequality.
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The E.U. Is in Crisis. Two Economists Disagree on Why.

The E.U. Is in Crisis. Two Economists Disagree on Why. | ACS Economics | Scoop.it
Two economists, both believers in the European Union, offer varying diagnoses of its problems.
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‘Brexit’ Is Locking In the Forces That Already Haunt the Global Economy

‘Brexit’ Is Locking In the Forces That Already Haunt the Global Economy | ACS Economics | Scoop.it
Those forces have self-reinforcing, vicious-cycle dimensions that make it a perilous time for the world’s economies.
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Infographic: How is GDP calculated? - ONS

Infographic: How is GDP calculated? - ONS | ACS Economics | Scoop.it

Via Brentwood School Economics Department, Bishka Zareen Chand
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Brentwood School Economics Department's curator insight, January 27, 2015 1:32 PM

Informative infographic from the ONS explaining how GDP is measured in the UK.

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Politics Counts: Wage Riddle Has Lasted Decades

Politics Counts: Wage Riddle Has Lasted Decades | ACS Economics | Scoop.it
The economy again looks to be front and center as the 2016 campaign gets underway, but with a new focus. Candidates are turning their attention to stagnant wages – and they may find they have a very difficult nut to crack.
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Why economists cling to discredited ideas: free-market economics may be at odds with reality, but it fits the needs of the rich and the powerful -

Opposing Viewpoints in Context
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Great overview of market economics.

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Urban Farming Benefits the Local Economy -

Opposing Viewpoints in Context
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Support and evidence for traditional economies.

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Should college be free?

Conservative commentator Ron Meyer, Demos Senior Fellow Richard Benjamin and FBN’s Neil Cavuto debate whether access to a college education should be free.
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different view

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Government is Good - How Government is Good for Business

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Support for government regulations.

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Why soda taxes don't work

Why soda taxes don't work | ACS Economics | Scoop.it
San Francisco is the latest municipality that wants to fight the battle of the bulge by taxing sugary drinks. Here's why it doesn't work.
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Should the govt. tax junk food?  Command or market?

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Low fast-food wages come at high public cost, reports say

Low fast-food wages come at high public cost, reports say | ACS Economics | Scoop.it
Reports say half of fast-food workers are forced to rely on public saftey net to get by while corporate profits soar
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Minimum Wage, command or market, good or bad?

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The Push for Universal Pre-K

The Push for Universal Pre-K | ACS Economics | Scoop.it
Despite apathy and opposition, publicly financed pre-kindergarten programs are likely to continue expanding in the United States, offering important economic benefits, an economist writes.
Wendy Thompson's insight:

Is universal pre-k a characteristic of command, socialism, or market economic systems.

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