Author: Damian Merciar

Source: HBR, May 2015

 Brynjolfsson and McAfee explain that while digital technologies will help economies grow faster, not everyone will benefit equally—as the latest data already shows. Compared with the Industrial Revolution, digital technologies are more likely to create winner-take-all markets.

once you adjust for inflation, an American household at the 50th percentile of income distribution earns less today than it did in 1998, even after accounting for changes in household size.

… the Great Decoupling. The two halves of the cycle of prosperity are no longer married: Economic abundance, as exemplified by GDP and productivity, has remained on an upward trajectory, but the income and job prospects for typical workers have faltered.

Workers’ prospects are deteriorating in the developing world, too. A recent study by Loukas Karabarbounis and Brent Neiman found that labor’s share of GDP had declined in 42 out of 59 countries, including China, Mexico, and…

This week, Five For Friday presents five charts and graphics concerning wars in Afganistan, Iraq and Pakistan. These exist thanks to the Costs of Warproject. First released in 2011, the Costs of War report has been compiled and updated by more than 30 economists, anthropologists, lawyers, humanitarian personnel, and political scientists as the first comprehensive analysis of over a decade of wars in Afghanistan, Iraq, and Pakistan.

The project analyzes the implications of these wars in terms of human casualties, economic costs, and civil liberties. Some of this data is from 2011 and 2012, so have in mind that these numbers are probably significantly higher today.

1. Iraqi IDPs and refugees.

There are more than 1.5 million internally displaced Iraqis and 1.5 million Iraqi refugees. Fifty-eight percent of Iraqi IDP households are food insecure, consuming only cereals and carbohydrates on a daily basis. Approximately 500,000 people live as squatters in Iraq. For more on…