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

Senator Bernie Sanders & Team

The AFL is with Senator Bernie Sanders and it is the people’s only chance to push back against Elon Musk, who wants to dismantle our government. Musk family is said to have left South Africa because they could no longer exploit The native/black Africans so he bought Trump and now he’s laying waste to America in the name of progress. With Senator Sanders’ leadership and backing of all labor unions, we could put together the whole of 99 percent of the people and beat back the 2 percent destroying we what once had and stood for while also saving Social Security, healthcare for all, elder care, child care, while working on the climate change crisis (we are running out of time, as the weather is showing us). The workers need to go big, such as a four-day work week like other countries have; universal basic income (UBI) and Medicare for all for unhoused people, which would help get them off the streets. UBI goes right back into the local economies, which supports jobs for the other working p...

Now is the Time to Prepare

I hope that I am wrong, but what I see at this time is our unions are going to be in the fight of their existence. This is the most perilous time of our life. The life we had is threatened like never before. Unions are the largest organized group of people who can save our country if things keep going the way they are heading at this time. We need to all stand together for power, but we each must prepare and plan to take care of ourselves and our families. We can fight the big fight and not be distracted by worry about things that can and should already be taken care of. For instance, stashing at least one month’s pay and at least a month or even a year’s worth of food, whether the food is staples (pasta, rice, canned goods) and meat or chicken in the freezer. Keep your vehicles' tanks full and if possible a gas can full. It’s in your best interest to also save money for house or rent payments plus extra. This is not new thinking for us old trade workers who had to prepare when...

It's Time To Pick A Side

It’s time to pick a side. You want to have and keep unions with good wages and pensions, then it’s time to pick a side. You want to keep Social Security for yourself and family, it is time to pick a side. You want to get or keep Medicare and Obama’s Affordable Care Act, then it’s time to pick a side. It is us against the billionaires. The very rich got that way off the backs of workers, and now want to strip everything away from those workers. It’s time to pick a side. The very rich can buy countries, then make the people get on their hands and knees and grovel and beg for scrapes that usually go into the dumpster. It’s time to pick a side. Is this what we want for our family and our future? It’s time to pick a side. Get ready to fight for you and your families’ lives. There is no middle ground with these greedy people for they want it all—all the money—all the power—all the land so where does this leave us when they have all the commons, like water, land and airways? It’s time to pick...