Thursday, October 20, 2022

US becoming ‘developing country’ on global rankings

https://asiatimes.com/2022/09/us-becoming-developing-country-on-global-rankings/

"So while the gigantic size of the American economy counts in its
scoring, so too does unequal access to the wealth it produces. When
judged by accepted measures like the Gini coefficient, income
inequality in the US has risen markedly over the past 30 years. By the
Organization for Economic Cooperation and Development's measurement,
the U.S. has the biggest wealth gap among G7 nations."

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