, September 28, 2021

US and China lead explosion in billionaires, yet US jobless claims surge


  •   2 min reads
US and China lead explosion in billionaires, yet US jobless claims surge

2020 saw a big jump in the number of billionaires and super-wealthy people, with Asia seeing especially high increases, yet, last week, jobless claims surged in the US. There has to be a fix, probably involving significant tax structure changes, or there will be problems ahead.

The news that the pandemic led to an increase in inequality won’t come as a shock. We see the trend continuing post-Covid, with China expected to see a 240 per cent increase in the number of billionaires between now and 2025.

Related News

You've successfully subscribed to Techopian - The conversation and voice for ethical technology
All done, we'll keep you informed when we post articles. Just check your email
Welcome back!
Success!
Success! Your billing info is updated.
Billing info update failed.
Your link has expired.