The Gini coefficient has a lot of problems. The Palma ratio — the top ten percent's share of income, divided by the bottom 40 percent's — is a better measure. And at a global level, it's staggeringly high.
The poorest Argentinians and Indians are actually poor. The poorest Americans are solidly middle-class, from a global perspective.
When you have an agricultural economy and no immigrants, getting business done gets tough.
A conversation with Kimberly Ann Elliott on how to do better in the wake of Bangladesh's tragic factory collapse.
The US, Canada and Mexico all saw wages grow as a result of NAFTA. But the results were most favorable in Mexico.