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“Met Gala’s ‘Gilded Glamour’ ripped to shreds amid economic struggles” Let them eat cake. As Americans pinch pennies to pay for the soaring costs of groceries and gas, Met Gala organizers are being slammed for celebrating over-the-top opulence. This year’s gala — to be held tonight at the Metropolitan Museum of Art — features the…
“#Disney heiress blasts company over pay inequality: documentary” Disney has become a lightning rod for inequality in a new documentary directed by Abigail Disney, the granddaughter of one the Mouse House’s founders. The film co-directed with Kathleen Hughes, “The American Dream and Other Fairy Tales,” profiles four Disneyland custodians, who earn $15 an hour, as…
“#Facts Trump Dems’ claims on Donald’s economy” When President Donald Trump took office in 2017, economists around the world had accepted the fact that the US economy had entered the “new normal” where economic growth would be low, and wage growth nonexistent. Trump’s team argued that deregulation, trade policy and tax cuts could bring us…
“#OnlyFans stars make 270 times more than the average worker” The world’s oldest industry is also one of today’s better-paid ones. Top creators on subscription service OnlyFans rake in hundreds of times more money than the average Brit who followed a more traditional career path, a new report has found. MrQ, a UK-based gaming software…
“#Google antes up $2.6M to settle pay, job discrimination case” SAN RAMON, Calif. — Google will pay $2.6 million to more than 5,500 employees and past job applicants to resolve allegations that the internet giant discriminated against female engineers and Asians in California and Washington state. The settlement announced Monday closes a 4-year-old case that the Labor…
“#COVID-19 could spark record spike in inequality, Oxfam warns” The COVID-19 pandemic could cause the biggest increase in global inequality on record, Oxfam warned in a new report Monday. The health crisis has sparked a “simultaneous and substantial rise” in income and wealth inequality across dozens of countries, adding to the wealth of the world’s…
“#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’” One Wall Street power player is urging his fellow one-percenters to help close the growing wealth gap — or risk staring down pitchforks and guillotines. Ex-Goldman Sachs chief financial officer Marty Chavez sounded off on income inequality during an interview with financial news site The Business of…
“#Tax cuts for the rich failed to boost economic growth: study” Cutting taxes for rich people made developed countries more unequal but failed to grow their economies over the last half-century, a new study says. The paper from the London School of Economics and King’s College London challenges the idea that trickle-down tax policies —…