Tag #Income Inequality

abcnews.go.com
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Biden Warns of Growing Oligarchy, Citing Trump-Tech CEO Alliance

President Biden warned of a growing oligarchy in America, citing the close ties between President-elect Trump and powerful tech CEOs, raising concerns about undue influence on government and potential threats to democracy; experts say this is 'oligarchy 2.0'.

Progress

52% Bias Score

Reduced Inequality
euronews.com
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Massive CEO-Worker Pay Gap in Europe

CEOs of Europe's top 100 companies earned a median of €4.15 million in 2023, 110 times the average EU worker's €37,863 salary, highlighting a vast wealth gap, with Germany's CEOs having the highest median salary at €1,455,000.

Progress

56% Bias Score

Reduced Inequality
elmundo.es
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Spain Limits Minimum Wage Increase to 4.4%

Spain's Ministry of Labor proposes a maximum 4.4% minimum wage increase for 2025 (50 euros monthly), rejecting union demands for a higher rise, but remaining open to negotiation with employers within the expert-recommended range of 3.3%-4.4%.

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
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Minimum Wage Increases Across US States and Localities

Twenty-one states raised their minimum wages on January 1, 2025, with some cities and counties independently setting significantly higher minimums; for instance, several Washington and California localities have minimum wages above $20 per hour, while others are approaching that mark, according to t...

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48% Bias Score

Decent Work and Economic Growth
forbes.com
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Trump Considers Raising SALT Cap, Adding \$225 Billion to National Debt

President-elect Trump may raise the SALT deduction cap to \$20,000 for married couples filing jointly, increasing the federal debt by \$225 billion from 2025-2034, primarily benefiting households making \$200,000 or more, according to a Tax Policy Center analysis.

Progress

44% Bias Score

Reduced Inequality
cnbc.com
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21 States Raise Minimum Wage in 2024

Twenty-one states raised their minimum wage on January 1, 2024, impacting over 9.2 million workers, with increases ranging from $10.55 to $16.66 per hour, reflecting a trend of states independently raising wages while the federal minimum remains at $7.25 since 2009.

Progress

40% Bias Score

Decent Work and Economic Growth
fr.euronews.com
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European CEO Pay Gap Reaches 110x Average Worker Salary

A Mercer report reveals that in 2023, CEOs of Europe's top 100 companies earned a median total compensation of €4.15 million—110 times the average EU worker's salary—with significant variations across countries and a call from the ETUC for fairer compensation.

Progress

64% Bias Score

Reduced Inequality
taz.de
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Massive CEO-Worker Pay Gap Fuels Economic and Social Instability in Europe

The European Trade Union Confederation (ETUC) reports that CEOs in Europe's largest companies earn 110 times more than average workers (€4,147,440 vs €37,863 annually), warning this fuels economic instability and undermines democratic institutions; they advocate for stronger collective bargaining an...

Progress

64% Bias Score

Reduced Inequality
nrc.nl
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Dutch Economic Sentiment Lags Behind Positive Data

Despite rising wages and savings among many Dutch citizens, moderate confidence in personal finances persists due to rising prices and a growing sense of inequality, mirroring similar trends observed in the US before the 2024 elections.

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32% Bias Score

Reduced Inequality
dw.com
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StepStone 2025 German Salary Report: Average €52,300, Highlighting Inequality

StepStone's 2025 German salary report, analyzing over one million data points from January 2022 to November 2024, reveals an average gross annual salary of €52,300 and a median of €45,800, highlighting income inequality; Munich boasts the highest average salary (€58,000), while significant dispariti...

Progress

36% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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Vast Salary Gaps in Spain: Finance vs. Agriculture

In 2023, average Spanish salaries were \$23,000, but Madrid finance employees earned \$63,895, while Andalusian agricultural workers earned only \$7,703, highlighting vast income disparities across sectors and regions.

Progress

16% Bias Score

Reduced Inequality
t24.com.tr
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Turkey's Pension Shortfall and Widening Income Inequality

An Istanbul Planning Agency study reveals a 2.7% decrease in retirement pensions' share of total income (18.3% to 15.6%) between 2009-2024, despite an 85.3% increase in retirees; income inequality worsened, impacting the elderly disproportionately, with housing costs a major factor.

Progress

28% Bias Score

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