Skip to main content

What the Gini Coefficient Means

How and why is there such a he gap between the Haves and Have Nots, which exacerbates inequality of lifestyle and wages and promotes a death spiral of the Have Nots by a very uneven playing field in education and healthcare? Without good paying jobs, poor educational opportunities and no healthcare, the poor find themselves in a very dark hole with no ladder to climb out. Faced with this, people go to the servile mode to survive and will do whatever to survive. It is the survival of the fittest, which is one step away from war. The money people who could change this just keep hording more money and depressing the proletariats more by trying to stop unions and taking away their voting rights with voter identification gimmicks. This attack on the workers here in the U.S. is the same thing going on all over the world. If the capitalist system is going to survive the 1 percent must make some changes and invest in using their cash to create manufacturing jobs and not just shifting paper from place to place. All this does is make the 1 percent richer, but does nothing else for anyone else except allows the 1 percent to hoard even more money while stifling the economy and driving the inequality of the world. Just look at the most used measures of income inequality it is called the Gini Coefficient. The “Gini index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality,” according to the World Bank. The CIA’s world fact book gives Gini Coefficient for 141 countries and it shows the Scandinavian countries do well as they have low inequality. The U.S. ranks 41st, meaning 41st from the bottom–yea America! We have fractionally more equality than Peru and Uruguay, but less than the Philippines, Cameroon, Guyana, Iran and many other countries. This needs to change and if it doesn’t the capitalist system as we know it today will change to a type of hybrid system or just go away. Then what good will all that money hording by the rich do for them? It might be very good for the Have Nots if nothing changes. We may soon find out.

Popular posts from this blog

Post Workists and What it Means

To change the abundance of labor in the world is to put more money in the pockets of the laborer to buy the products their fellow workers are making. Otherwise, when there are more products than money, there is slump in the economy. Austerity policies, low wages and automation (robots) were also of concern in the 1950s when Henry Ford II, CEO of Ford, took Walter Reuther, head of the United Auto Workers Union, on a tour of a new engine plant. Ford gestured to a fleet of new machines and said, “Walter, how are you going to get these robots to pay union dues?” The union leader turned to Ford and said, “Henry, how are you going to get robots to buy your cars?” This type of change in the labor has created a new type of working class that swings from task to task in order to make ends meet while enduring the loss of labor rights and bargaining rights. They are called “precariat” workers, a group of workers who live on the verge of collapse due to the instability of the nature of their job…

GOP To Pick-off Remainder of Unions

The last bastion of organize labor is now on the west and east coasts, like New York City, Seattle, and Los Angeles. Labor has mostly given up on the south and the middle of the U.S., is that because unions aren’t up to the fight? We have lost Detroit, Michigan and Wisconsin, which was the start of public unions. These GOP government control states, like govenors Synder and Pence have kicked our union butts. In California, labor has lost all of the rural counties, Orange and San Diego counties; and now San Francisco, Sacramento and Los Angeles counties are our last strong holds. It would not take a lot to lose California. California has elected GOP governors before and with our new federal government now in place and with the Koch brothers, et al, and their money it could be done again. We, union workers, could lose it all. They have started on teachers’ union and they are still trying to break the postal workers union by forcing the pension funds to be funded 75 years ahead of pa…

Gig Economy

The Gig con, which sells people on a more flexible job without fixed hours. This sounds enticing to workers fed up with their 9 a.m. to 5 p.m. jobs. Also, to people without jobs, and to people who have part-time jobs, and need more money. Gig jobs fill in many needs, but the rub is that these jobs or most of these jobs don’t pay into Social Security or Social Disability Insurance so when someone hits retirement age there is nothing to fall back on. Most have been told that Social Security will not have money for them because Social Security will be broke. This is a lie and a con job on the workers. Social Security will be OK if the federal government will keep its hands off the money we paid into it. They think it is their piggy bank. Then what if you get sick or injured on the Gig job, there is no healthcare. We know that we are running out of jobs here and worldwide. This is why we need the universal basic income and unions for all. At this time, the federal government estimates…