Covid 19 news, myths, and fictions are everywhere hence I have been practicing restraints in producing “another” piece of content about the tragic Global pandemic. However, I have come across a few great sources of information (beyond the obvious W.H.O), which provide not only good data and clarity into the global situation hence I want…
With the current Covid 19 situation sweeping across the globe, I have been wondering about what it means for China, her people, economy, reform agenda and leadership in the world. Kevin Rudd, former prime minister of Australia and Daniel Rosen, founding partner of Rhodium Group, recently gave an excellent talk in New York “The Economic Impact of Coronavirus”.
This is the second part of my series about the four most critical global challenges facing humankind in the next 50 – 100 years. In the previous post, I went into more detail about “#1. Climate change / ecological collapse” and “#2. War between civilizations”. Today it will be about “#3. Impact of technology” and “#4. Global inequality”.
While the overall US GDP has grown almost three times since 1979 – 2018, the median real wage (50th percentile) increased by only 6.1% during the same period. For Men, the median wage decreased by 5.1%. It hit the low-income (bottom 10th percentile) worker group the hardest with a decrease of 13.3%.