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.

Comments

Popular posts from this blog

May Day 2028 or Sooner

Unions’ long game is to get all union contracts to expire on the same day nationwide. The United Auto Workers combines contracts ends on April 28, 2028. This could then result in a mass national strike starting on May Day beeginning that year. This could then put enormous pressure on employers, but also on lawmakers. It’s the muscle and sweat of the workers that keeps this country great, not the individual company or corporations. This May Day strike would be the time to change the workers’ world for the better by negotiating for a 32-hour week with the same pay, and the U.S. adopts a healthcare for all with no out of pocket costs. This would also help the employers as they would no longer have to provide healthcare. By striking, the UAW won same pay for new workers, all UAW contracts will end on the same date, a 25-percent pay increase, a cost of living adjustments, a guaranteed right to strike over potential plant closures, and also the right to vote to unionize through the card che

Standing At The Precipice

Unions do not do well in a dictatorship because unions are the first thing dictators destroy, and rest assured the workers won’t be allowed to hit the streets in protest. If Trump is elected he will invoke the Insurrection Act and send troops into the cities to crush them and send a message that he will terminate and dissent. They will eliminate unions and unionized workers. We are standing at the precipice and it's up to us to fight the fall into a dictatorship. By voting for the GOP, maga people and anyone else will be able to keep their guns until Trump says, “No.” By then, he will have already amassed an Army of foot soldiers in place to take over the government jobs. They will be Trump’s people and they will do whatever he tells them to do. The only way this can be stopped is for all unions and their members to put aside their political and social differences and stand strong for democracy, unions, workers rights and workers safety. This is not a drill. It will happen just loo

“Workampers” are the New IWW Wobblies

We now have another organization that will enhance the wage pollution for the wage slaves. Walmart started the wage pollution and then temporary agencies, which offer no healthcare or pensions, just temporary low wages. Now we have the online U.S. retail business, which did $197 billion in 2011. The workforce that does the work in these hundreds of warehouses are called “workampers.” Amalgamated advertises positions on websites that workampers frequent. This is just a modern version of what the old Wobblies had to do in the 1920s and ‘30s; only then, instead, of traveling from place to place living in trailers and motorhomes they rode railroad freight cars and camped in hobo camps called the Jungle, which we still have. The reason that the warehouse owners like workampers is they are temporary and will not stay year round that way by not staying in one place the workers do not have time to make friends, which could start unions. This is an old way to keep unions out for if people w