| 单词 | national income |
| 例句 | The results have been ugliest in Greece, where national income has shrunk by a quarter since 2007 and where the unemployment rate is 24%. On course to fail 2016-08-18T04:00:00Z Tourism generates over 7 percent of France's national income. Paris revels in tourism surge, but cautious after Barcelona 2017-08-22T04:00:00Z Tourism generates over 7 percent of France's national income. Paris revels in tourism surge, but cautious after Barcelona 2017-08-22T04:00:00Z Back then, manufacturing contributed more than a third of the national income, and the production line was the ancestral home of the alpha male, the skilled worker. Why women shouldn't be campaigning for equal pay 2010-09-24T06:00:00Z Banning it was indeed expensive—for 60 years Britain’s anti-slavery campaign cost nearly 2% of the annual national income—but doing so was vindicated by history. Corrupted bounty 2015-12-10T05:00:00Z “By 1890 the richest 1 percent of the population was absorbing half of the entire national income and controlled more than half the nation’s wealth,” the authors assert. How Lincoln favored the middle class over the wealthy 2015-12-02T05:00:00Z When I was a child, the 1% took a third of the share of national income they do today. How the super rich got richer: 10 shocking facts about inequality 2014-09-15T04:00:00Z By his calculation, about 75 percent of the top 1 percent’s increase in the share of national income from roughly 1970 to the present came from returns on labor, not capital. The Meritocrat Who Wants to Unwind the Meritocracy 2019-09-09T04:00:00Z Business investment in the UK - as a percentage of national income - has lagged behind most other developed countries for many years. Jeremy Hunt to pledge millions to woo electric car firms 2023-11-16T05:00:00Z The IFS says the government is currently raising more in tax revenue, as a percentage of national income, than at any time since the 1940s. UK on track for record tax levels, IFS think tank says 2023-09-28T04:00:00Z The agriculture and regional funds make up two thirds of the EU budget, which totals roughly 1% of the bloc's gross national income a year. EU governments thrash out how to make enlarged bloc work 2023-09-28T04:00:00Z Forty-six nations currently meet the criteria, which include a gross national income of $1,088 or less per person per year. Unversed in UNGA? Stumped by SDGs? A glossary of UN General Assembly meeting lingo 2023-09-18T04:00:00Z Specifically, boosting households' share of national income would mean a decline in the share of other sectors, either businesses - in particular China's sprawling industries - or the government sector. Analysis: China has no pain-free solutions for its slowing economy 2023-08-24T04:00:00Z In tourism alone — a mainstay for national income — the island welcomed just 1.7 million visitors last year, less than half the amount of 2018. Cuban entrepreneurs get business training from the U.S., and hope that Biden lifts sanctions 2023-06-27T04:00:00Z Because the aid budget is capped at 0.5% of national income, charities say this means cuts in humanitarian spending in Africa and Asia. UK to launch new international youth volunteer scheme 2023-04-27T04:00:00Z Since 2000, the share of national income going to labor has fallen by more than 10 percent. Perspective | Why are so many Americans poor? Because we allow it, two books argue. 2023-03-16T04:00:00Z Pressed on whether the ambition to increase defence spending to 2.5% of national income was meaningless without a timeframe, the prime minister said the government should be judged "on our actions". Rishi Sunak: China represents challenge to world order 2023-03-13T04:00:00Z Spending after this date would be assessed against a target to increase defence spending to 2.5% of national income in the "longer term", No 10 said, without specifying a timeframe. Rishi Sunak announces £5bn extra defence spending during US trip 2023-03-12T05:00:00Z The share of national income going to employee wages and benefits rose at year's end to 63.3%. U.S. household wealth rebounded to $147.7 trillion in 4th quarter 2023-03-09T05:00:00Z To reclaim its development reputation, the UK must return to spending 0.7% of national income on foreign aid, she added. UK to launch new international youth volunteer scheme 2023-04-27T04:00:00Z Tuvalu also leases out its website domain, " .tv," to companies like Twitch, which constitutes a fair share of the country's gross national income. Tuvalu wants to preserve its post-climate change sovereignty by becoming the first virtual country 2022-12-03T05:00:00Z It showed how greater inequality in a country was associated with lower life expectancy, with only a weak link between national incomes and mortality rates. Income inequality comes for your health: Unequal societies have far worse health outcomes 2022-11-27T05:00:00Z The Treasury acknowledged that the moves will take taxes as a share of national income to its highest level since World War II. Relief meets fear as UK budget calms economy but brings pain 2022-11-18T05:00:00Z Somalia is the second-poorest country in the world based on gross national income, and 70 percent of its citizens lack access to electricity. Climate Aid Is Lacking for Poor Countries That Burn Few Fossil Fuels 2022-11-16T05:00:00Z The Treasury emphasised that the government was prioritising essential overseas aid funding and remained committed to spending 0.7% of national income on ODA once the fiscal situation allowed. Government set to breach foreign aid spending cap 2022-11-13T05:00:00Z This means less money can be spent elsewhere, because the total budget is capped at 0.5% of national income. UK foreign aid being spent in Britain passes £4bn mark, experts say 2022-10-28T04:00:00Z Britain's spending on foreign aid is set at 0.5% of national income. UK PM Sunak could freeze foreign aid for two more years -Telegraph 2022-10-28T04:00:00Z Mr Wallace has made it clear in the past he wants defence spending to rise to 3% of national income by 2030. Rishi Sunak aims to bring factions together in cabinet reshuffle 2022-10-25T04:00:00Z Unlike Ms Truss, he did not pledge to raise defence spending to 3% of national income by 2030 - instead saying he wants the current 2% target to be seen as a floor. Rishi Sunak: What will the new Tory leader do as PM? 2022-10-24T04:00:00Z This was on top of the government's decision two years ago to cut its aid spending target from 0.7% of national income to 0.5%. Government set to breach foreign aid spending cap 2022-11-13T05:00:00Z As chancellor, Mr. Sunak raised taxes as a share of national income to their highest level in 70 years, a record he had to defend over the summer. Rishi Sunak, Now the Front-Runner for U.K. Prime Minister, Could Say, ‘I Told You So’ 2022-10-23T04:00:00Z Mr. Blair’s government established the Department for International Development and committed 0.7 percent of the gross national income to overseas development aid. Britain Scales Back Foreign Aid, Threatening Progress in Global Health 2022-10-19T04:00:00Z However, the PM's spokesman said she was still committed to her pledge of raising defence spending to 3% of national income by 2030. Liz Truss no longer committed to inflation pensions rise 2022-10-18T04:00:00Z The new government will make it hard for new immigrants to get benefits while the overseas aid target of 1% of gross national income will be replaced by a fixed sum. Swedish Moderates strike coalition deal, Sweden Democrats to back new government 2022-10-14T04:00:00Z Imagine that your earnings have put you at the high end of the national income distribution for many years. Why Social Security’s Inflation Protection Is Priceless 2022-10-14T04:00:00Z Economically, it’s not clear: The plan’s own accounting showed that the aid to the recipient countries accounted for just about 3 percent of their combined national income between 1948 and 1951. Russia’s invasion of Ukraine has made the Marshall Plan relevant again 2022-10-08T04:00:00Z Oil and coal are Colombia's principal exports and sources of national income. Revised Colombia tax bill still puts mining investment at risk -industry group 2022-09-27T04:00:00Z EU countries pay around 1% of their gross national income into the budget. EU proposes to suspend billions in funds to Hungary 2022-09-18T04:00:00Z His latest budget put the tax burden on a path to reach the highest level since the 1940s, at 36.3% of national income. Truss tax plans accused of breaking spending rules 2022-07-21T04:00:00Z He has pledged to increase spending on defence to 3% of national income, saying national security must come before "bean counters and spreadsheets". Tom Tugendhat: From wars in Iraq and Afghanistan to front line at Westminster 2022-07-15T04:00:00Z Also to be discussed are employment and labor rights, price controls and government efforts to expand oil and mining development to raise national income, which indigenous groups oppose. Ecuadorean gov't, indigenous groups begin talks after protests 2022-07-13T04:00:00Z The defensive alliance's secretary general Jens Stoltenberg has already made clear he wants a target of members spending 2% of their annual national income on defence to be a base line, rather than a ceiling. Defence Secretary Ben Wallace to call for more military spending over Russian threat 2022-06-27T04:00:00Z Since joining 15 years ago, Romania's national income has tripled and Bulgaria's has doubled. Ukraine: Could it join the EU, and how might Russia react? 2022-06-21T04:00:00Z Oil accounts for nearly half of exports and close to 10% of national income. Analysis: Colombia's first leftist president targets inequality, leaves investors on edge 2022-06-20T04:00:00Z In country after country, total tax receipts exploded, from less than 10 percent of national income in 1910 to between 30 and 40 percent by the century’s middle decades. Review | Thomas Piketty’s optimistic blueprint for easing global inequality 2022-06-17T04:00:00Z Norway, one of Europe’s richest countries, committed 1.09% of its national income to overseas development - one of the highest percentages worldwide - including more than $200 million in aid to Ukraine. War surges Norway’s oil, gas profit. Now, it’s urged to help 2022-05-28T04:00:00Z Norway, one of Europe’s richest countries, committed 1.09% of its national income to overseas development — one of the highest percentages worldwide — including more than $200 million in aid to Ukraine. War surges Norway’s oil, gas profit. Now, it’s urged to help 2022-05-28T04:00:00Z "Twin deficits signal that a country's national expenditure exceeds its national income, and that its production of tradable goods and services is inadequate." Explainer: How Sri Lanka's economy spiralled into crisis 2022-04-01T04:00:00Z “As a big net importer of manufactures and commodities it’s doubtful that the UK has ever experienced an external hit to real national income on this scale,” he said. BoE's Broadbent sees value in guidance, as long as it's clear 2022-03-30T04:00:00Z Crude oil sales account for a majority of national income and foreign exchange. Nigeria says it has recovered at least $750 mln linked to corruption 2022-02-03T05:00:00Z And the seeds of the Progressive Era reforms, including the national income tax, direct election of senators and women’s suffrage, were sown by that time. Trust erodes in everything from church to schools to the presidency during Biden’s first year 2022-01-18T05:00:00Z The gateway, which is mandatory for all service providers, gives state regulators the means to “prevent and disconnect all network connections that affect national income, security, social order, morality, culture, traditions and customs.” Cambodia’s Internet May Soon Be Like China’s: State-Controlled 2022-01-15T05:00:00Z Roughly 60 percent of the world’s population has received at least one dose of a coronavirus vaccine, but that number is highly skewed by national income. Opinion | The best way to fight variants at home? Get vaccines where they’re needed abroad. 2022-01-03T05:00:00Z After sinking to the lowest levels in decades following the 2008 crisis, labor’s share of national income began to pick up again in recent years amid historically low borrowing costs. Fattest corporate profits since 1950 debunk inflation story spun by CEOs 2021-11-30T05:00:00Z Last year the government broke an election pledge when it cut spending to 0.5% of national income, blaming the economic pressures of Covid. Budget 2021: Foreign aid cuts to remain until at least 2024 - Sunak 2021-10-27T04:00:00Z And Poland has no intention of leaving the European Union — E.U. funds amount to nearly 4 percent of Poland’s national income. Poland’s Attacks on Rule of Law Leave Europe at Odds With Itself 2021-10-22T04:00:00Z If these counted towards the government's current overseas aid target of 0.5% of national income, it could mean more than £1bn less is spent on humanitarian and development support. COP26: PM warned over aid cuts ahead of climate summit 2021-10-21T04:00:00Z The government is already cutting aid spending by reducing the target of what must be allocated to overseas assistance from 0.7% of national income to 0.5%. Foreign aid: Chancellor accused of stealth raid by charities 2021-10-01T04:00:00Z Nations, not unlike individuals, expand their capacity to pay debt as their national income grows. Opinion | Republicans are dangerously gambling with the debt ceiling 2021-09-28T04:00:00Z And secondly, that underlying debt would be falling as a percentage of national income. Budget 2021: Foreign aid cuts to remain until at least 2024 - Sunak 2021-10-27T04:00:00Z The flood of cash boosted company profits, tax receipts and employment, helping lift national incomes and so nominal GDP by a robust 3.2% in the quarter. Australia's economy slowed in Q2 ahead of lockdown downturn 2021-09-01T04:00:00Z The Islamist militants — who have seen many key sources of national income choked off — have now banned people from moving dollars out of Afghanistan. Kabul residents are running out of cash and struggling with rising prices 2021-08-25T04:00:00Z I used to describe national income accounting — GDP and all that — as a peculiarly boring form of science fiction. Who knew used cars and shipping containers would matter so much? 2021-08-15T04:00:00Z Spending on expanding and maintaining civic infrastructure, unlike cutting taxes on business or individuals, is a sure way to expand national income. Opinion | Republicans are dangerously gambling with the debt ceiling 2021-09-28T04:00:00Z Instead of going to workers, an ever-larger share of national income went to profits and to shareholders. Employees enjoy new workplace leverage thanks to pandemic, with bonuses and flexibility 2021-07-22T04:00:00Z MPs voted to keep the budget for international development at 0.5% of national income. Covid-19: Scotland to ease restrictions, 1.5m pupils absent from school in England 2021-07-13T04:00:00Z The House of Commons voted by a majority of 35 to keep the budget for international development at 0.5% of national income. MPs fail in bid to reverse overseas aid cut 2021-07-13T04:00:00Z Spending on international development was cut from 0.7% of national income to 0.5%, in response to increased spending in the pandemic. MPs to vote on cut to UK foreign aid budget 2021-07-12T04:00:00Z However, he called on the government to restore its commitment to spend 0.7% of national income on foreign aid. Foreign aid: Gates and others to partially cover UK aid cuts 2021-07-10T04:00:00Z He also cut the amount the UK spends on overseas aid, despite an election pledge to keep it at 0.7% of national income. How much is Covid costing the UK and how will we pay? 2021-06-22T04:00:00Z The cost sharing is based on national income. Nato summit: What does the US contribute? 2021-06-14T04:00:00Z Mr Johnson also defended his decision to cut overseas aid spending from 0.7% to 0.5% of national income, despite a manifesto promise to maintain the higher level. G7: UK and US have an 'indestructible relationship', PM says 2021-06-11T04:00:00Z The PM's spokesman argued the fall, from 0.7% to 0.5% of national income this year, was allowed under existing aid laws. Foreign aid: No plans to give MPs vote on cuts, says No 10 2021-06-08T04:00:00Z In November last year, the government announced as part of its spending review that it would reduce aid spending to 0.5% of national income due to the difficult economic situation. Foreign aid: Who will be hit by the UK government cuts? 2021-06-07T04:00:00Z More than 30 rebel Tory MPs want Boris Johnson to restore a commitment to spend 0.7% of national income on international development. Foreign aid: PM faces backbench rebellion over budget cut 2021-06-06T04:00:00Z The MPs have tabled an amendment that would force the government to reinstate the legally-binding target of spending 0.7% of national income on foreign aid from next January. Conservative rebels to force vote on reversing aid cuts 2021-06-02T04:00:00Z The World Bank estimates that climate change alone is poised to reduce Vietnam’s national income by as much as 3.5% by 2050. Faced with climate challenges, Vietnamese rice farmers switch to shrimp 2021-05-06T04:00:00Z Unicef acknowledged the "challenging" financial situation facing governments, but called on the UK government to return to spending 0.7% of the national income on foreign aid from 2022 "at the latest". Children will suffer, Unicef warns as UK funding cut by 60% 2021-05-01T04:00:00Z Independence would lower national income between 4.3% and 6.7% in Scotland, but by just a few tenths of a percent in the rest of the UK, according to Goldman Sachs research. Analysis: Pound’s post-Brexit calm may face Scottish independence test 2021-04-29T04:00:00Z He first took public office in 1970, the year that U.S. workers’ share of national income peaked. Analysis: Can Joe Biden recreate the U.S. economy he grew up with? 2021-04-01T04:00:00Z But this argument ignores the fact that the national income tax is not treated as a property tax. Whatever your opinion about a state capital-gains tax, it’s constitutional 2021-03-30T04:00:00Z As part of the 2010 law, the federal government for the first time set a national income threshold for Medicaid eligibility, more generous than in all but a few states at the time. In the coronavirus relief package, a prescription to expand Medicaid 2021-03-14T05:00:00Z The government's announcement last year that it would cut its foreign aid target from 0.7% to just 0.5% of national income sparked widespread criticism. Covid-19: Census to give snapshot of pandemic life, and food plea nurse considers quitting 2021-03-21T04:00:00Z The government wants to reduce its overall international aid budget by about £4bn in 2021-2022, which will mean missing the UN target of spending 0.7% of national income on foreign aid. UK 'to cut aid to Syria and African countries' 2021-03-05T05:00:00Z Meanwhile, labor’s share of national income has slid and corporate profits have soared. Column: Biden throws a bombshell at Amazon's anti-union campaign 2021-03-01T05:00:00Z He also cut the amount the UK will spend on overseas aid, despite a manifesto pledge to keep it at 0.7% of national income. Coronavirus: How much will it cost the UK and how will we pay? 2021-03-01T05:00:00Z The gateway’s operator will support authorities with “measures to prevent and disconnect all network connections that affect national income, security, social order, morality, culture, traditions and customs”. Cambodia adopts China-style internet gateway amid opposition crackdown 2021-02-17T05:00:00Z "This trend has been most severe in the Anglo-Saxon countries. The US really stands out, with over one-fifth of pre-tax national income now going to the richest 1% of individuals." 50-year study of tax cuts on wealthy shows they always fail to "trickle down" 2020-12-27T05:00:00Z The share of national income flowing to the top 1 percent increased by about 0.8 percentage points. Analysis | ‘Trickle-down’ tax cuts make the rich richer but are of no value to overall economy, study finds 2020-12-23T05:00:00Z The Office for National Statistics said national income, or GDP, increased by a record 16% in the three months to the end of September rather than the 15.5% in its first estimate. UK stocks, oil prices under pressure as Britain battles to reopen borders – business live 2020-12-22T05:00:00Z The combination of stagnant real wages and rising productivity lowered labor's share of national income in favor of capital's. Can progressives save Biden from disastrous economic policies? 2020-12-14T05:00:00Z The UK has ditched its policy of spending 0.7% of national income on overseas aid to help deal with the coronavirus crisis at home. Spending review: Rishi Sunak cuts overseas aid budget 2020-11-25T05:00:00Z It is expected to cut the UK's overseas aid budget to 0.5% of national income, down from the legally binding target of 0.7%. Spending Review: Chancellor to set out government spending plans 2020-11-24T05:00:00Z The idea was to reduce aid spending next year to just 0.5% of national income, down from the legally binding target of 0.7%. Government set to pass new laws to cut UK overseas aid budget 2020-11-23T05:00:00Z In particular, he said he was concerned that the government would break its pledge to spend 0.7 percent of gross national income on foreign aid. Britain announces its largest military investment since the Cold War 2020-11-19T05:00:00Z Similarly, after a long period of stability, labour’s share of national income has declined in all major economies. Which aspect of US economic inequality is most worrying? 2020-10-22T04:00:00Z Total income reported by all Americans did grow, but the benefits were highly concentrated near the top of the national income ladder. Don't believe the hype: Trump’s economy was plummeting even before the pandemic 2020-10-12T04:00:00Z Because of Covid-19, public spending is likely to rise to the highest share of national income in more than a decade, says the Institute for Fiscal Studies. Coronavirus: Public spending rise could be lasting 2020-09-28T04:00:00Z This does allow the government to miss the target in certain circumstances, such as if there is a substantial change in the country's national income. Government set to pass new laws to cut UK overseas aid budget 2020-11-23T05:00:00Z That group consists of just one in every 7,000 taxpayers yet they captured every sixth dollar of increased national income, a total gain of $157 billion. The super-rich — you know, people like the Trumps — are raking in billions 2020-09-17T04:00:00Z For White men without a college degree, their “median earnings lost 13 percent of their purchasing power between 1979 and 2017,” even as per capita national income rose 85 percent, write Case and Deaton. Opinion | The rage that fuels Trumpism still burns 2020-08-27T04:00:00Z But only those in the top 7%, those making more than $200,000 and up, saw their share of the national income pie grow. Don't believe the hype: Trump’s economy was plummeting even before the pandemic 2020-10-12T04:00:00Z It helped me understand the importance of foreign remittances in improving standards of living and stimulating the economy by substantially adding to the national income cycle. It took me 15 trips to withdraw money. Banking is a maze for ordinary Nigerians 2020-08-19T04:00:00Z However, most rich nations do not spend the minimum target of 0.7% of their gross national income on ‘official development assistance’. Speaking truth to power about the SDGs 2020-08-16T04:00:00Z Belgium and Italy, where many US troops are due to be redeployed, spend less than Germany as a share of national income. Democrats and Republicans take aim at Pompeo over US troop withdrawal from Germany 2020-07-30T04:00:00Z A clean sweep in November would almost certainly reverse that process, moving the country toward a different kind of capitalism with a different purpose and a different distribution of national income. Perspective | Wall Street doesn’t care if Trump loses. Here’s why. 2020-07-23T04:00:00Z In May, unemployment benefits made up 6% of all U.S. income, ahead of even Social Security, and up dramatically from February, when it amounted to just 0.1% of national income. Stress rises for unemployed as extra $600 benefit nears end 2020-07-17T04:00:00Z All of this has pushed a larger portion of national income into profits and a lower portion into wages than at any time since World War II. Monopoly mayhem: corporations win, workers lose 2020-07-09T04:00:00Z Germany adopted a supplementary budget which the IMF values at almost 5% of annual national income. How are other economies dealing with the downturn? 2020-07-07T04:00:00Z According to the Congressional Budget Office, in 2016 government programs transferred 6.1 percent of national income to the poorest 40 percent, increasing their slice to 18.8 percent, the largest in almost a quarter-century. Coronavirus Is a Crisis. Might It Also Narrow Inequality? 2020-06-25T04:00:00Z It predicted that GDP, which is is a measure of national income, would contract by 11.5% in 2020 or 14% if the virus returned and forced the government into a second lockdown. Britain's GDP falls 20.4% in April as economy is paralysed by lockdown 2020-06-12T04:00:00Z Up until about 1980, American governments spent roughly the same amount on criminal justice and cash welfare: a little over 1 percent of total national income for each. Analysis | U.S. spends twice as much on law and order as it does on cash welfare, data show 2020-06-04T04:00:00Z The answer is accounting identities, the simple algebra of national income accounting. Calculating the economic cost of COVID-19: The coronavirus pandemic is going to cost us $5 trillion 2020-03-29T04:00:00Z In the great scheme of things, it’s not a big slice of national income. Warnings of ‘voodoo statistics’ as EU budget battle looms 2020-02-19T05:00:00Z Pollock was so weakly reasoned and wrong that the nation rejected it before the others were overturned, by quickly ratifying the 16th Amendment to authorize a national income tax. Opinion | Yes, a wealth tax would be constitutional 2020-01-11T05:00:00Z Payroll taxes made up 7.8% of national income last year while corporate taxes made up just 0.9%t, the biggest gap in nearly two decades. Trump wants to be champion of the working class but with tax cuts for the rich it doesn't add up | Robert Reich 2019-12-22T05:00:00Z The UK is one of the few Nato countries that meets the commitment to spend at least 2% of national income on defence. PM to serve Christmas lunch to British troops 2019-12-20T05:00:00Z Many finance journalists also don't know about the accounting identities used to calculate national income or how to make calculations. Calculating the economic cost of COVID-19: The coronavirus pandemic is going to cost us $5 trillion 2020-03-29T04:00:00Z It says the advantages that countries get back as members of the largest trading bloc on the planet are worth about 6% on their gross national income. Warnings of ‘voodoo statistics’ as EU budget battle looms 2020-02-19T05:00:00Z My government will honour the armed forces covenant, which will be further incorporated into law, and the Nato commitment to spend at least 2% of national income on defence. Queen's speech sets out Boris Johnson's focus on Brexit, the NHS and terrorist sentencing – live news 2019-12-19T05:00:00Z Nato's running costs are met by a common funding arrangement based on each country's national income. What does the US do for Nato? 2019-12-02T05:00:00Z UK tax revenues as a share of national income - the total amount of money the country earns - are at their highest level since the 1940s. How much do British people pay in tax? 2019-11-18T05:00:00Z People are working harder for less return because wage earners don’t share equitably in an economy where a disproportionate share of national income goes to the wealthiest households. Column: Two rival experts agree — 401(k) plans haven't helped you save enough for retirement 2019-11-05T05:00:00Z This would be more than 6% of national income and the highest level since 2012-2013, when borrowing rocketed following the global financial crisis. How would the Greens fund £1trn climate pledge? 2019-11-06T05:00:00Z That might further depress consumer demand because more national income must be diverted to repay debt. China’s economy struggles as consumers tighten belts 2019-10-31T04:00:00Z According to the World Bank, Benin's economy is heavily reliant on the informal re-export and transit trade with Nigeria, which accounts for about 20% of its GDP, or national income. The border crisis fuelled by rice 2019-10-30T04:00:00Z Lebanon, where the WhatsApp tax caused huge protests, is one of the world’s most unequal economies, with the richest 1 percent claiming 25 percent of the total national income between 2005 and 2014. Global protests share themes of economic anger and political hopelessness 2019-10-25T04:00:00Z The United States spends close to 20% of its national income on health. Make no mistake: Medicare for All would cut taxes for most Americans | Emmanuel Saez and Gabriel Zucman 2019-10-25T04:00:00Z The richest 3,000 people in the country, including many of the politicians, earn a tenth of the national income. Lebanon Protests Unite Sects in Demanding New Government 2019-10-23T04:00:00Z The share of the national income that workers receive fell in the early 2000s to its lowest level since World War II according to some measures, then collapsed further in 2009. In a Strong Economy, Why Are So Many Workers on Strike? 2019-10-19T04:00:00Z The official statistics keepers do not provide specific information on the ultra-wealthy, who although few in number earn a large fraction of national income and therefore account for a large share of potential tax revenue. Opinion | How to Tax Our Way Back to Justice 2019-10-11T04:00:00Z In the heady days of the early 2000s, leaders pledged to donate at least 0.7 percent of national income in assistance to poor countries. Opinion | World Leaders Once Made Miracles, and Can Again 2019-10-05T04:00:00Z When the system of private health insurance developed initially, the cost of employer-sponsored health insurance was moderate, the equivalent of 0.5% of national income in the 1950s. Make no mistake: Medicare for All would cut taxes for most Americans | Emmanuel Saez and Gabriel Zucman 2019-10-25T04:00:00Z Profits now constitute a larger portion of national income, and wages a lower portion, than at any time since the second world war. Donald Trump is no hero of the working class. And the GM strikers know it | Robert Reich 2019-09-22T04:00:00Z Their share rises as their gross national income increases, until country governments are bearing the full cost of their vaccination programs. We Deliver Vaccines to the World's Poorest, Hardest-to-Reach Children 2019-09-20T04:00:00Z Our starting point is the total amount of tax revenue collected in the United States, 28 percent of national income. Opinion | How to Tax Our Way Back to Justice 2019-10-11T04:00:00Z In a play for the history books, the report argues the combined net aggregate benefits of the 20 deregulatory actions examined in the report exceed 0.6 percent of national income. Analysis | Trump’s claim his deregulatory actions are saving American households $3,000 a year 2019-08-15T04:00:00Z Today, however, it is huge: 6% of national income, almost as much as payroll Social Security taxes. Make no mistake: Medicare for All would cut taxes for most Americans | Emmanuel Saez and Gabriel Zucman 2019-10-25T04:00:00Z They include the decline of secure, middle-income full-time jobs, collapse of private-sector unions and worker bargaining power, shift of national income upward, and the loss of millions of good traditional jobs to technology and offshoring. ‘Wealth work’ captures only part of the stark jobs divide 2019-08-09T04:00:00Z The UK is likely to continue contributing 0.7% of its national income on foreign aid and development - a commitment that its Department for International Development says enhances the UK's reputation as "a development superpower". Boris Johnson: Should Africa shrug, smile or scowl? 2019-07-25T04:00:00Z The funds will still count towards the government's target of spending 0.7% of national income on overseas aid. UK aid budget to help boost trade agenda 2019-07-22T04:00:00Z UK tax revenues as a share of national income - the total amount of money the country earns - are greater than at any time since the 1960s. Would you pay less tax if you lived abroad? 2019-07-19T04:00:00Z American families are carrying about $1.6 trillion in student loan debt, a massive burden that amounts to nearly 8 percent of national income. Analysis | 7 ways $1.6 trillion in student loan debt affects the U.S. economy 2019-06-25T04:00:00Z Each country pays the same proportion of its national income to the EU budget, so richer countries pay more and poorer ones less. EU budget: Who pays most in and who gets most back? 2019-05-27T04:00:00Z Economists have figured out how to disaggregate growth by connecting numbers from national income and product accounts to data from surveys and administrative sources. The economy isn't getting better for most Americans. But there is a fix | Heather Boushey 2019-05-01T04:00:00Z The result will reduce future national saving — the sum of saving by the private and public sectors — and drag down future national income. Perspective | Five myths about federal debt 2019-04-26T04:00:00Z The Gilded Age was swept aside by Progressive elements of both parties, with trust busting and the establishment of business regulation, the national income tax and Federal Reserve. Billionaires are worried about capitalism — they should look in a mirror 2019-04-23T04:00:00Z “Increases in gross national income per capita, declining poverty rates, and export diversification by trading partner and by sector are all evidence of Turkey’s increased level of economic development.” India preferential trade status ending over tariffs, Trump says 2019-03-04T05:00:00Z Palm oil now accounts for 13.7% of Malaysia’s gross national income and is Indonesia’s top export. How the world got hooked on palm oil 2019-02-19T05:00:00Z There are countries, such as Australia and the Netherlands, that have implemented these methods to regularly produce reports showing how national income is distributed across the breadth of their citizenry. The economy isn't getting better for most Americans. But there is a fix | Heather Boushey 2019-05-01T04:00:00Z And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget. 'Austerity continues unless Hammond spends' 2019-02-10T05:00:00Z As a result, the University of Wisconsin looks bad on national income mobility rankings, even though it enrolls a lot of students from the lower end of the state’s own income distribution. Opinion | Colleges have been under pressure to admit needier kids. It’s backfiring. 2019-01-24T05:00:00Z If workers today got the same share of national income as in the 70s, we would be far better off. Panic is on the agenda at Davos – but it’s too little too late | Aditya Chakrabortty 2019-01-23T05:00:00Z Remittances sent by Guatemalans working abroad accounted for 11 percent of Guatemala’s national income in 2017 and were the economy’s second most important source of foreign exchange, according to the International Monetary Fund. Guatemala Cautious on Young Migrants’ Deaths, Wary of Angering U.S. 2018-12-28T05:00:00Z Tourism is a cornerstone of Morocco’s economy, accounting for 10% of national income. Scandinavian student murders: nine more arrested in Morocco 2018-12-21T05:00:00Z Deeply divided, the leaders said they would decide on the budget size later, but noted it should be part of the wider EU budget that is one percent of EU gross national income. Euro zone takes step to deeper integration, key issues unresolved 2018-12-14T05:00:00Z And in all cases, national income will be reduced if migration from Europe is reduced from its current levels. Davis attacks 'flawed' Brexit forecasts 2018-11-28T05:00:00Z And, with beef exports to the Arab world a huge source of national income, he has also reversed himself on relocating the Brazilian Embassy to Jerusalem, a move that would have angered those trading partners. Brazil's President-elect Jair Bolsonaro makes no secret of his admiration for Trump - Los Angeles Times 2018-11-06T05:00:00Z Some Caribbean islands damaged last year by hurricanes did not get official development assistance because their national incomes were too high. Change sees UK aid for overseas territories 2018-10-31T04:00:00Z Countries such as India and Nigeria are spending less than 1% of national income on health, effectively denying their citizens access to care – and consigning children to early graves. We are a world away from our sustainable development goals – but it’s not too late | Kevin Watkins 2018-10-09T04:00:00Z Penny Mordaunt wants profits from development projects to be included in the UK commitment to spending 0.7% of national income on aid. Taxpayers' foreign aid bill 'could be cut' 2018-10-09T04:00:00Z Researchers found that in countries hit by the storms, national incomes hadn’t caught up to their previous pace of growth even 15 years after the disaster. Why the Wilder Storms? It’s a ‘Loaded Dice’ Problem 2018-10-05T04:00:00Z A leading farming expert even warned that the days of rice may be over for the Mekong Delta, with huge implications for food security and national income. Vietnam's children and the fear of climate change 2018-10-04T04:00:00Z Especially when one considers that from 1929 to 1933, real national income fell by almost 40 percent, unemployment rose to 25 percent, and real Gross Domestic Product collapsed by 30 percent. Does the U.S. have the ingredients to win a trade war? 2018-09-22T04:00:00Z They have resulted in a financial sector that has become too big, too rich and too powerful, one that distorts the behavior of businesses and investors and captures an excessive share of the national income. Perspective | Yes, it could happen again. The flaws of American capitalism invite cycles of booms and busts. 2018-09-07T04:00:00Z It is the law that 0.7% of national income should be spent on aid, meaning the figure rises as the economy grows even if there are public spending cuts happening elsewhere. Taxpayers' foreign aid bill 'could be cut' 2018-10-09T04:00:00Z If workers in 2016 had received the share of national income they averaged over most of the postwar period, their total earnings would have been $1.2 trillion higher in that year alone. Wage Stagnation Is Everyone’s Problem 2018-08-14T04:00:00Z But Turkey's deficit is quite large at 5.5% of national income, or GDP, last year. Is Turkey heading for an economic crisis? 2018-08-09T04:00:00Z Wa Lone’s annual income alone was about 10 times the country’s per capita gross national income. Special Report: Dangerous News - How two young reporters shook Myanmar 2018-08-08T04:00:00Z Contrast this with the late 1990s, the last time unemployment dipped close to where it is today, when the portion of national income going into wages was 3% points higher than it is today. Almost 80% of US workers live from paycheck to paycheck. Here's why | Robert Reich 2018-07-29T04:00:00Z Assessments to fund the budget are based on a formula tied to each member’s ability to pay, which takes into account national income, population and debt levels, among other factors. United Nations Leader Warns of a Cash Shortage 2018-07-27T04:00:00Z Fifteen years later, American economist D. Gale Johnson found there hadn’t been a “significant secular change in the share of national income received by labor” between 1850 and 1952. Wage Stagnation Is Everyone’s Problem 2018-08-14T04:00:00Z Rising inequality means that resources are concentrated in the hands of a few; they should be ever more easily outvoted by the majority who are left with a shrinking share of national income. As inequality grows, so does the political influence of the rich 2018-07-19T04:00:00Z Dues are apportioned under a cost-sharing formula based on gross national income. Here's what you need to know about Trump's complaints to NATO allies about defense spending 2018-07-10T04:00:00Z This great shift in bargaining power, from workers to corporations, has pushed a larger portion of national income into profits and a lower portion into wages than at any time since the second world war. Almost 80% of US workers live from paycheck to paycheck. Here's why | Robert Reich 2018-07-29T04:00:00Z Greece experienced a 28 percent decline in national income in three years. How the Greek debt crisis exposed the global economy as a giant con — and led to Donald Trump 2018-06-09T04:00:00Z In the past two decades there has been a sharp drop in the share of national income going to working- and middle-class Americans. Wage Stagnation Is Everyone’s Problem 2018-08-14T04:00:00Z Thanks to earlier technological advances, health-care spending is already approaching 20 percent of our national income. Opinion | There’s a miraculous chance to cure cancer. But we’ll have to pay for it. 2018-06-05T04:00:00Z These economists also point to skyrocketing national income inequality and stagnating wages for U.S. workers, who would be more affected by broader tax increases, as reasons to focus on raising taxes on the ultra-wealthy. N.J. Democrats loved the idea of taxing the rich — until they actually could do it 2018-05-23T04:00:00Z Britain spends roughly the same portion of its national income on public spending today as it did a decade ago, said Paul Johnson, director of the Institute for Fiscal Studies. In Britain, Austerity Is Changing Everything 2018-05-28T04:00:00Z The distribution of regional support would be based not just on national income per capita but on other indicators, too, like youth unemployment and migration burdens. If Poland and Hungary Flout European Values, European Aid Could Dry Up 2018-05-01T04:00:00Z As I noted in these pages in 2014, measuring gross output is a breakthrough in national income accounting. If GDP Lags, Watch the Economy GO 2018-04-23T04:00:00Z The paper “almost completely ignores workers’ rights, asymmetric power in the labour market and phenomena such as declining labour share in national income,” Bakvis said. World Bank recommends fewer regulations protecting workers 2018-04-20T04:00:00Z By the time he left office, the federal minimum was $3.35, and stood at its lowest value to date, relative to the median national income. How much is an hour worth? The war over the minimum wage 2018-04-13T04:00:00Z They're a much larger share of national income, at the expense of both workers and traditional capital investment. Analysis | How 12 experts would end inequality if they ran America 2018-04-06T04:00:00Z Growth also looks set to be slightly higher than forecast last year - but public debt as a percentage of national income remains well above 80%. Chancellor to unveil spring statement 2018-03-12T04:00:00Z In 2016, the UK was one of only six countries to spend 0.7% of gross national income on aid, a target set by the UN for all developed countries. Oxfam scandal: Penny Mordaunt to meet National Crime Agency 2018-02-14T05:00:00Z Last year, the UK was one of only six countries to spend 0.7% of gross national income on aid, a target set by the UN decades ago. I was an aid worker in Haiti. The debauchery was shocking | Phoebe Greenwood 2018-02-13T05:00:00Z The total transfer, to the richest from everyone else, amounts to 10 percent of national income and 15 percent of national wealth. Analysis | How rising inequality hurts everyone, even the rich 2018-02-06T05:00:00Z But Theresa May says she is "proud" of the UK's record on foreign aid and remains committed to the UK's requirement to spend 0.7% of the country's gross national income on overseas assistance. Oxfam did not disclose 'full Haiti details' 2018-02-10T05:00:00Z Meanwhile the share of national income flowing to workers has declined. What will result from America’s strangely timed fiscal stimulus? 2018-02-08T05:00:00Z But the United States is also richer, so as a percentage of gross national income, the United States ranks relatively low, according to 2016 figures published by the Organization for Economic Co-operation and Development. Analysis | Fact checking the 2018 State of the Union address 2018-01-30T05:00:00Z Another way of comparing countries is to look at the proportion of national income allocated to defence. Reality Check: What's happening to defence spending? 2018-01-22T05:00:00Z Under legislation approved in 2015, the UK government is legally required to spend 0.7% of gross national income on foreign aid. Countries warned UK could cut foreign aid 2018-01-15T05:00:00Z The government is committed to spending 0.7% of national income on overseas aid but some politicians oppose such spending. UK aid to be 'more sensibly distributed' 2017-12-31T05:00:00Z Despite continued sniping from the hard right, the government maintained its commitment to 0.7% of gross national income for development aid. The year's top development stories: 2017 in review 2017-12-25T05:00:00Z And the richest 1 percent of Americans now receive 20% of overall national income, double the level in 1980 and the highest level in nearly a century – since the Roaring Twenties. America is in crisis. The Republican tax plan will make that worse | Steven Greenhouse 2017-11-28T05:00:00Z On this measure, the UK is one of the few Nato countries that meets the commitment to spend at least 2% of national income on defence. Reality Check: What's happening to defence spending? 2018-01-22T05:00:00Z That money represented more than one-fourth of the country’s national income. Trump Administration Ends Temporary Protection for Haitians 2017-11-20T05:00:00Z Thirty years ago, when its corporation tax rate was 50%, Ireland collected less revenue from companies as a share of its national income than the US or the EU as a whole. The desperate inequality behind global tax dodging | Gabriel Zucman 2017-11-08T05:00:00Z Especially with the share of national income going to the lower 80 percent of earners at a 100-year low. Opinion | Trump was an election surprise. Expect more. 2017-10-26T04:00:00Z The share of national income going to labor is now rising, while the share going to capital is falling. The economy isn’t broken 2017-09-15T04:00:00Z The national income of the UK's three dependent territories in the Caribbean is too high for the islands to qualify for official development assistance. OECD 'not keen' on aid rule changes 2017-09-15T04:00:00Z Government statistics paint an excessively grim picture of what is happening to real wages and the growth of real national income. We’re Richer Than We Realize 2017-09-08T04:00:00Z It says that since the 1970s, the share of national income that has gone to wages has gradually declined, from 80% to 73%, while the share going to profits has increased. Archbishop of Canterbury calls for radical economic reform - BBC News 2017-09-05T04:00:00Z American foreign aid is paltry, adding up to 0.18 percent of its national income last year, according to the Organization for Economic Cooperation and Development, far below that of other wealthy countries. Trump’s Security Vision Leaves Little Room for Plowshares 2017-07-11T04:00:00Z If you count the cost of UN peacekeepers, it has amounted to at least a third of gross national income for each of the past ten years. Aid brought Liberia back from the brink 2017-06-29T04:00:00Z Even with its slight recovery, the labor share of national income is too low. Opinion | The looming labor ‘shortage’ isn’t just a problem — it’s also an opportunity 2017-06-25T04:00:00Z Direct funding, for military-related operations, maintenance and headquarters activity, is based on gross national income — the total domestic and foreign output claimed by residents of a country — and adjusted regularly. Analysis | Trump on NATO funding: Still misleading after months of fact checks 2017-05-31T04:00:00Z That means the labor share of national income was shrinking, or, more plainly, that workers’ slice of the economic pie got smaller while the part taken by shareholders and other owners of capital grew. The Question Isn’t Why Wage Growth Is So Low. It’s Why It’s So High. 2017-05-26T04:00:00Z Ms Evans also said that if UK was to spend 0.2% of its national income on overseas aid, then that would be the same as the US in percentage terms. Reality Check: How would UKIP fund greater NHS spending? - BBC News 2017-05-25T04:00:00Z Trump’s allies also argue that his proposals will accelerate economic growth, and that middle- and working-class Americans will be better off even if their share of national income does not increase relative to the richest. Analysis | How Trump’s budget helps the rich at the expense of the poor 2017-05-23T04:00:00Z The Office for Budget Responsibility expects debt as a percentage of national income to peak in the current financial year at 88%, the highest level since 1966. Reality check: How big is the UK's deficit and debt? - BBC News 2017-05-17T04:00:00Z Like the Conservatives, Labour has committed to spending 2% of the national income, or GDP, on defence - a Nato target. General election 2017: Labour's draft manifesto unpicked - BBC News 2017-05-11T04:00:00Z Mrs May said her party would also continue to meet the pledge to spend at least 2% of national income on defence. General election: Conservatives pledge above-inflation defence rises - BBC News 2017-05-11T04:00:00Z Meanwhile, the prime minister said on Friday that the commitment to spending 0.7% of national income on international aid "will remain" although it must be spent "in the most effective way". General election 2017: Tories move to dampen tax hike fears - BBC News 2017-04-21T04:00:00Z The prime minister said the commitment to spending 0.7% of national income on aid "will remain" although it must be spent "in the most effective way". General election 2017: No cut to UK aid spending, says May - BBC News 2017-04-21T04:00:00Z The Microsoft founder Bill Gates has urged the UK to maintain its promise to spend 0.7% of national income on overseas aid. Reality Check: How much does the UK spend on overseas aid? - BBC News 2017-04-20T04:00:00Z Pressed again afterwards, a No 10 source repeated May’s refusal at prime minister’s questions to confirm that the current target of 0.7% of national income would continue after the election. Lives at risk if Tories choose to ditch UK foreign aid pledge, says Bill Gates 2017-04-20T04:00:00Z The Microsoft founder urged the UK to keep spending at least 0.7% of national income on foreign aid, saying it was proof of its goodwill and humanity. Bill Gates urges UK to protect foreign aid - BBC News 2017-04-19T04:00:00Z In 1934, a team led by Simon Kuznets published its report on how to calculate national income. New Tools Needed to Track Technology’s Impact on Jobs, Panel Says 2017-04-13T04:00:00Z Simon Kuznets, who standardised the measurement of growth, warned: “The welfare of a nation can scarcely be inferred from a measure of national income.” Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot 2017-04-12T04:00:00Z In absolute terms, however, by far the largest annual amount of foreign aid is given by the United States, although that represents only 0.17% of its national income. Reality Check: How much does the UK spend on overseas aid? - BBC News 2017-04-20T04:00:00Z The IMF said rising inequality had accompanied the shift in national income away from labour and towards capital. Free trade warning – IMF, WTO and World Bank say it must be defended 2017-04-10T04:00:00Z Each group is evaluated for total transfers, including Social Security, as a percent of average national income. The rich pay fewer taxes than the poor, and get more services 2017-03-25T04:00:00Z Labor’s share of national income is at a low not seen since stats started in the late 1940s. Affordable housing problems aren't just where you think 2017-03-13T04:00:00Z The Institute for Fiscal Studies said in its Green Budget that tax is rising as a share of national income and by 2019-20 is due to reach its highest level since 1986-87. Reality Check: Are taxes going up to 1986 levels? - BBC News 2017-03-06T05:00:00Z There's an equation in national income accounting that goes like: Taxes + Private Savings = Govt Spending + Private Investment + Net Exports. What Trump Gets Right on Trade 2017-03-02T05:00:00Z The IMF said in a separate report that workers were receiving a substantially smaller share of national income than in the 1980s, blaming technological change and globalisation for 75% of the decline. Free trade warning – IMF, WTO and World Bank say it must be defended 2017-04-10T04:00:00Z And over the past several decades, it’s gotten smaller: the share of the national income that goes to wages has been steadily shrinking, while the share that goes to capital has been growing. Robots won't just take our jobs – they'll make the rich even richer 2017-03-02T05:00:00Z This is true whether we look at the absolute value of exports or their value as a proportion of national income. Reality Check: Is Britain the most global developed economy - BBC News 2017-02-28T05:00:00Z This sorting would increase the slice of national income going to shareholders and reduce workers’ share. Shaky Jobs, Sluggish Wages: Reasons Are at Home 2017-02-28T05:00:00Z The government's continuing commitment to spend 0.7%, more than £12bn, of its national income on overseas aid every year is controversial. Overseas aid: UK plan to 'empower' poor nations - BBC News 2017-02-13T05:00:00Z There have been reports coming out of Washington that the Fund believes Greece’s debt will rise to 275% of national income by 2060, which would undoubtedly put it into the “unsustainable” category. Greek debt crisis: an existentialist drama with no good end in sight | Larry Elliott 2017-02-05T05:00:00Z The counter-argument is that EU exports to the UK as a share of national income are a lot smaller than trade in the opposite direction. Theresa May's Brexit speech: What does it mean for free trade? - BBC News 2017-01-18T05:00:00Z This textbook rule that “imports minus exports equals investment minus savings” is not a theory or a statistical regularity but a basic national income accounting identity that holds for every country in every year. The House GOP’s Good Tax Trade-Off 2017-01-06T05:00:00Z The British PM and US president-elect discussed the need for more countries to commit to spending 2% of national income on defence, Number 10 said. May and Trump 'agree on Nato importance' - BBC News 2016-11-29T05:00:00Z How did a country with a national income of just $155 per capita in the 1970s turn into one of the most economically powerful countries in just 40 years? Making a dynasty: Examining China’s rise to become a manufacturing giant 2016-11-29T05:00:00Z In particular, he said, across developed economies more national income is going to capital, that is, owners and shareholders, rather than labor. Can Trump Save Their Jobs? They’re Counting on It 2016-11-12T05:00:00Z Data from other countries suggests that income tax rates on the wealthy would need to be much higher — above about 60 percent — to significantly reduce their share of national income, Saez concludes. Study: Obama tax hikes on rich didn't hurt economy, or rich 2016-11-03T04:00:00Z Resolution Foundation also believe the government will break its target of cutting the national debt as a share of national income. £84bn Brexit black hole warning looms over the City – business live 2016-10-26T04:00:00Z Piketty showed that in many rich nations, the balance of accumulated wealth compared with the national income is returning to disparities that were last seen more than 100 years ago. End class wars 2016-09-20T04:00:00Z The proposed Trans-Pacific Partnership with East Asia, denounced not just by Trump but also by Hillary Clinton, would boost U.S. national income by an estimated $77 billion annually. America has lost its characteristic optimism 2016-09-16T04:00:00Z In a speech in Philadelphia, he also said he wanted "peace through strength" and for all America's Nato allies to meet their obligations to spend 2% of national income on defence. Trump pledges big US military expansion - BBC News 2016-09-07T04:00:00Z The result is that net wealth in the U.S. now tops 500% of national income. The Economy Is Again Under the Sway of Asset Prices 2016-07-27T04:00:00Z Of course the only way a society can become richer over time is to increase national income. How a Quest by Elites Is Driving ‘Brexit’ and Trump 2016-07-01T04:00:00Z Britain is committed to spending 0.7% of its of gross national income on overseas development aid and contributes around $2.2 billion to the EU’s pool for development assistance, experts said. Aid, trade and friendship: Will Brexit hurt the world's most needy? 2016-07-01T04:00:00Z Again, this assumes a poorer economy, and lower national income. How will Brexit affect your finances? - BBC News 2016-06-24T04:00:00Z For decades the backbone of the U.S. commanded almost two-thirds of the national income, wrote The New York Daily News. A Severely Dragging Economy 2016-06-17T04:00:00Z Madagascar is one of the poorest countries in the world, with a gross national income per capita of $440. Factbox: Forget lemurs - Eight things you didn't know about Madagascar 2016-06-07T04:00:00Z It depends on your assumptions, but some loss of national income is inevitable. Money, Jobs and Sovereignty: Myth vs. Reality Ahead of ‘Brexit’ Vote 2016-06-06T04:00:00Z “They will in any case reduce the aid budget in line with the forecasts of economic growth. And if national income is growing less quickly, so will the aid budget.” Aid, trade and friendship: Will Brexit hurt the world's most needy? 2016-07-01T04:00:00Z Compensation is climbing as a share of national income, which is encouraging for worker well-being and consumer spending. A Rude Jobs Interruption 2016-06-03T04:00:00Z Four decades ago, the backbone of the U.S. commanded almost two-thirds of the national income. The Eroding Economy 2016-05-27T04:00:00Z As its economy steadily shrank, the government kept borrowing until total debt and unfunded pensions reached $118 billion, or 172% of gross national income. Sovereign Default: It’s Not Personal, Just Business 2016-05-25T04:00:00Z “If leaving the E.U. were to reduce national income by just 0.6 percent, that would be enough to outweigh the positive effect on the public finances,” the document said. ‘Brexit’ Could Spell More Austerity for Britain, Study Warns 2016-05-25T04:00:00Z The government also committed to continue to meet the North Atlantic Treaty Organization target of spending at least 2% of national income on defense. Queen Elizabeth II Presents U.K. Government Agenda in Pomp-Filled Parliamentary Session 2016-05-18T04:00:00Z Estimating that cost would be an easy task for the national income statisticians if consumers bought the same things year after year. Ending the Fed’s Inflation Fixation 2016-05-17T04:00:00Z She said the loss is worth about $100 – a significant sum in a country where the gross national income per capita is about $1,020, according to 2014 World Bank figures. Animals die as Cambodia is gripped by worst drought in decades 2016-05-04T04:00:00Z At the start of 2013, for example, 61 percent of national income went to pay and benefits for workers. Workers Are Getting a Bit More of the Economic Pie (and Shareholders Less) 2016-05-03T04:00:00Z It is one of the largest in the world, accounting for 57% of national income or GDP last year. What is the French economic problem? - BBC News 2016-04-28T04:00:00Z The UK's contribution will count towards the UK's aid target of 0.7% of national income. Reality Check: Will UK pay £1.8bn to Albania and Turkey? - BBC News 2016-04-27T04:00:00Z The true value of the national income is therefore rising faster than the official estimates of real gross domestic product and real incomes imply. Ending the Fed’s Inflation Fixation 2016-05-17T04:00:00Z Every one of Sanders' major proposals cited here involves a shift of national income from the pockets of the rich to the pockets of the... Bernienomics Might Not Be Feasible — But It’s Useful 2016-04-13T04:00:00Z It's fair to say that this figure relies on relevant, rigorous and detailed economic modelling on what would happen to national income if the UK left the EU, based on what the alternatives would be. Reality Check: A £36bn black hole? - BBC News 2016-04-18T04:00:00Z Each scenario has a strong negative impact on the economy, according to the report, but the forecasted 6% hit to national income growth is based on the Canadian trade model with the EU. George Osborne defends Treasury's gloomy EU exit forecast - BBC News 2016-04-18T04:00:00Z Last year, according to data compiled by the IMF, investment was 43% of national income or GDP. China's economic tightrope act - BBC News 2016-04-14T04:00:00Z The U.S. share is calculated on the basis of gross national income — the total domestic and foreign output claimed by residents of a country — and adjusted regularly. Trump’s claim that the U.S. pays the ‘lion’s share’ for NATO 2016-03-30T04:00:00Z Every one of Sanders' major proposals cited here involves a shift of national income from the pockets of the rich to the pockets of the not-so-rich. Bernienomics Might Not Be Feasible — But It’s Useful 2016-04-13T04:00:00Z The oil sector in Nigeria, Africa's top crude producer, accounts for about 70 percent of national income. Nigeria's oil company offers to discuss revenue retention claims: NRGI 2016-04-02T04:00:00Z Even if U.S. firms were able to make such a transition, Petri said this would likely result in a permanent annual reduction in U.S. national income of more than $100 billion, or 0.8 percent. Trump's tariff plan could boomerang, spark trade wars with China, Mexico 2016-03-24T04:00:00Z Labour fears the government is set to break its commitment to spend 2% of the national income on defence. Labour seeks assurances over 2% defence spending target - BBC News 2016-03-18T04:00:00Z George Osborne set himself three fiscal rules - to cap welfare spending, to bring down debt as a proportion of national income and to produce a surplus by the end of the Parliament. Osborne stakes his reputation on a 2020 surplus - BBC News 2016-03-16T04:00:00Z President Obama's remark to the PM was reportedly made before Chancellor George Osborne said the government would fulfil a Nato pledge to spend 2% of national income on defence last year. Obama: Cameron was 'distracted' after Libya intervention - BBC News 2016-03-10T05:00:00Z In the 1950s, as the national income doubled, people migrated from the land to tiny city apartments. Japan just eats better than us: What America can learn from its diet’s evolution 2016-03-08T05:00:00Z And it featured a real surge in labor’s share of national income — the only such surge in the last 35 years. The Orphaned ’90s 2016-02-13T05:00:00Z In Greece, Portugal and Cyprus it peaked at somewhere between 12-15% of national income or GDP. Is Germany dragging down the eurozone? - BBC News 2016-02-11T05:00:00Z Ronald Reagan began dismantling it in 1981 when he transferred vast amounts of national income and wealth to the already rich. The new social contract: This is what’s roiling the electorate & fueling the success of anti-establishment candidates Trump, Cruz and Sanders 2016-02-06T05:00:00Z As the report explains, “in almost all rich countries and in most developing countries, the share of national income going to workers has been falling”. By every meaningful measure, today's elites are gods. This should make us angry | Jeff Sparrow 2016-01-20T05:00:00Z Support us through wildlife tourism—a sector that contributes a lot to our national income. How This Tanzanian Musician Made Ivory a National Campaign Issue 2015-12-28T05:00:00Z In 1940, the government transferred about 7 percent of national income from some groups to others. How Trump does it 2015-12-20T05:00:00Z No less important, the Sixteenth Amendment, adopted in 1913, established a national income tax; until then, as much as thirty per cent of federal revenue had come from excise taxes on alcohol. Prohibition and the Penal State 2015-12-21T05:00:00Z In the UK, the Conservatives are out to shrink the state; total public spending is set to fall to 36.4% of national income. Europe may be witness to a new political era - BBC News 2015-12-08T05:00:00Z That is why Britain is also spending 0.7% of its national income on overseas development, and will continue to do so in the years ahead. How Britain Got Its Mojo Back 2015-12-06T05:00:00Z In the armada of 1708, the value of the cargo on the flagship alone exceeded Spain’s annual national income from all sources. Holy grail of shipwrecks caught in three-way court battle 2015-12-06T05:00:00Z "He really is cutting spending on non-pension benefits to its lowest level relative to national income for about 30 years," Mr Johnson said. Very significant spending cuts to come, think tank warns - BBC News 2015-11-26T05:00:00Z Mr. Osborne’s broad plans are designed to close a budget deficit that is currently around 5% of national income, down from more than 10% when he first took office in 2010. U.K. Treasury Chief Backtracks on Welfare Cuts 2015-11-25T05:00:00Z Those questions were answered in part in the summer when the U.K. government committed to meeting the North Atlantic Treaty Organization target of spending at least 2% of national income on defense a year. U.K. to Boost Spending on Military Equipment 2015-11-23T05:00:00Z During that period, the total value of national income — what economists call “nominal GDP,” meaning income unadjusted for inflation —grew at about 5 percent per year in a reasonably steady fashion. Economic radicalism is the only answer: The most practical way to fix our broken economy 2015-11-22T05:00:00Z The story of the changing labour share of national income is more than the bloodless interaction of supply and demand curves. Are the robots taking enough jobs? - BBC News 2015-11-17T05:00:00Z Haldane's speech was entitled "Labour's share" and it is the labour share - the percentage of national income swallowed up by wages - that makes this relevant to interest rates. Were the Luddites right about technology and jobs? - BBC News 2015-11-13T05:00:00Z A causal mechanism that connects mandated near-zero rates to increased inequality might operate through the unintended consequence of boosting the share of profits in national income. Zero Interest, Greater Inequality? 2015-10-30T04:00:00Z The ultrarich seize on the opportunities of the new order and corner a growing proportion of the national income. How Trump Has Upended the Story Line 2015-10-27T04:00:00Z So, according to the Treasury, when the modern system of tax credits began properly in 2001-2, they were costing the Exchequer the equivalent of just over 0.8% of GDP or national income. Can tax credit cuts be made less painful? - BBC News 2015-10-26T04:00:00Z He presided over the establishment of the first national income tax, an unpopular move that nevertheless helped propel the nation to its place as world leader. Woman looks at Wilson’s presidential history 2015-10-26T04:00:00Z To put it another way, the Bank of England is forecasting that the labour share of national income will rise moderately. Were the Luddites right about technology and jobs? - BBC News 2015-11-13T05:00:00Z It says that if membership is worth about 4-5% of national income, this would mean £3,000 for each household on average. CBI says leaving EU would have serious consequences for Britain - BBC News 2015-10-20T04:00:00Z AT THE Tory party conference in Manchester, David Cameron proudly touted his promise to spend 0.7% of national income on foreign aid. Better to give 2015-10-15T04:00:00Z “It represented a potentially sizable reduction of our national income and threatened to drive inflation below target for an unacceptably long time.” Central Bank Should Be Canada’s Last Defense From Instability Threats, Poloz Says 2015-10-10T04:00:00Z Almost every country depends on fossil fuels for their energy or national income. GOP 'almost makes me laugh': UN official 2015-10-01T04:00:00Z This will start to push real wages higher, raising labour’s share of national income and reducing inequality. Greys’ elegy 2015-09-24T04:00:00Z He says this shows the value of the armed forces, and the importance of spending 0.7% of national income on aid. Jeremy Corbyn puts voters' questions to David Cameron at PMQs - Politics live 2015-09-16T04:00:00Z Labour, under Ms Kendall's leadership, would commit to maintaining NATO's commitment to spend 2% of national income on defence. What is Liz Kendall's programme for government? - BBC News 2015-08-12T04:00:00Z She is also committed to increase the UK's investment in science and research development to 3% of national income, saying Britain should become the science and technology capital of Europe. What is Yvette Cooper's programme for government? - BBC News 2015-08-13T04:00:00Z "Much of the national income goes to the government, not to the households," Chen said. A Good Day on Wall Street 2015-08-27T04:00:00Z The IMF is forecasting a deficit in the Saudi government finances of 14% of national income this year. China's slowdown and cheap oil - BBC News 2015-08-26T04:00:00Z He says this shows the value of the armed forces, and the importance of spending 0.7% of national income on aid. Jeremy Corbyn puts voters' questions to David Cameron at PMQs - Politics live 2015-09-16T04:00:00Z Take fruit juice consumption, for example: the higher the country’s national income level, the higher the country’s fruit juice consumption. What Your Non-Alcoholic Drink Choice Says About You 2015-08-05T04:00:00Z "Corporate profits as a share of our national income are at an all-time high, while wages are at a 65-year low." The Dilemmas of Raising Wages 2015-08-04T04:00:00Z It's more than 130% of annual national income or GDP in Italy and Portugal and in excess of 100% in Ireland, Belgium and Cyprus. The eurozone's nagging problems - BBC News 2015-08-02T04:00:00Z The government's finances have been in deficit to the tune of more than 10% of national income or GDP since 2010, and this year the IMF has forecast a figure of 20%. China's slowdown and cheap oil - BBC News 2015-08-26T04:00:00Z Those numbers are abstractions, but another way to put it is that national income, corporate profits and personal income were all revised down. The Six-Year Slough 2015-07-31T04:00:00Z Policies: Increase the UK's investment in science and research development to 3% of national income. Labour leadership contender guide: Yvette Cooper - BBC News 2015-07-29T04:00:00Z Earlier this month, Chancellor George Osborne ended months of speculation when he announced the government was committed to spending 2% of national income on defence for the whole of the next decade. Armed forces job cuts reach target three years early - BBC News 2015-07-28T04:00:00Z In comparison, India’s gross national income per capita is around $1,600, according to the World Bank. In India, a GIFT Waiting to Be Opened 2015-07-28T04:00:00Z He also described the UK's prime minister as an "outstanding partner" and congratulated his government for meeting the Nato target of spending 2% of the country's national income - GDP - on defence. Obama urges UK to stay in European Union - BBC News 2015-07-23T04:00:00Z Earlier this month, Chancellor George Osborne pledged to meet Nato's target of spending 2% of national income on defence every year, up to 2020. RAF fighter plane numbers to reach 'all-time low' - BBC News 2015-07-22T04:00:00Z Increasing human capital and opportunities raises national income. Hillary Clinton Shows Democrats Still Favor Redistribution Over Equalizing Opportunity 2015-07-21T04:00:00Z Instead, they pledged to maintain their commitment to spend 0.7% of gross national income on foreign aid. UN in deal to fight global poverty - BBC News 2015-07-16T04:00:00Z Its analysis released on Tuesday night pointed to Greek government debt reaching a peak of close to 200% of GDP or national income over the next two years, which it called "highly unsustainable". Greece debt crisis: IMF attacks EU over bailout - BBC News 2015-07-14T04:00:00Z But last week Treasury chief George Osborne committed to spending 2 percent of national income on defense. Cameron says Britain needs more drones, special forces to fight IS threat 2015-07-13T04:00:00Z The defence chiefs were briefed in a meeting following the unexpected Budget commitment to meet Nato's target of spending 2% of national income on defence every year up to 2020. Defence review: 'Spend more' on SAS and drones - BBC News 2015-07-12T04:00:00Z Government borrowing rose as high 12% of national income in 2012 and a declining currency raised the cost of repaying foreign debt. Did Live 8 and G8 help cut Africa's debt burden? - BBC News 2015-07-09T04:00:00Z In early 1929, before the stock market crash that set off the Great Depression, the top 1 percent earned 23.9 percent of national income. A Letter to Millennials: Don't Sleep Through the Revolution 2015-07-08T04:00:00Z The chancellor has pledged in his summer budget to meet Nato's target of spending 2% of national income on defence every year, up to 2020. Budget 2015: UK to meet Nato's defence spending target - BBC News 2015-07-08T04:00:00Z With his announcement that Britain would meet its Nato commitment to spend 2% of national income on defence, in effect the Ministry of Defence becomes a "protected department" - just like health and international development. Budget 2015 analysis: Stealing Labour's clothes - BBC News 2015-07-08T04:00:00Z Mr Tsipras also wants a writedown of the country's massive debts - equivalent to 180% of GDP or national income - and a resumption by the European Central Bank of life-or-death emergency lending to banks. Athens: 'Creditors trying to discredit our offer' - BBC News 2015-07-07T04:00:00Z Greece simply can't pay for what it needs from exports, because its exports are just 13% of GDP or national income. Huge costs of Greece staying in or quitting euro - BBC News 2015-07-06T04:00:00Z But the Reagan era reversed both the tax and regulatory policies that had brought on more income equality, and today the top 1 percent earn 24.2 percent of national income. A Letter to Millennials: Don't Sleep Through the Revolution 2015-07-08T04:00:00Z And there is a large dispersion in national income levels, with gross national income per capita ranging from about US$ 70,000 for Luxemburg to about US$ 14,000 for Latvia. Where's The Courage In The Greek Tragedy? 2015-06-30T04:00:00Z In March, legislation was passed making it a legal requirement for 0.7% of UK's annual national income to be spent on international development. International aid spending review launched by Foreign Office - BBC News 2015-06-25T04:00:00Z Armenia receives more than 20 percent of its national income from Russian remittances and joined the Moscow-led Eurasian Economic Union earlier this year. Thousands in Armenia protest steep hikes in electricity rates 2015-06-23T04:00:00Z According to the Levy Economics Institute, wage growth has slowed and become highly unequal over the last few decades, with the labor share of national income declining by about 10 percent since 1980. Editorials from around New England 2015-06-13T04:00:00Z For example, another way to study economic growth is to look not at median income but at national income, gdp, or gross domestic product, the total production of goods and services. If High Taxes In The 50s And 60s Produced Good Growth, Then Let's Have High Taxes Again 2015-06-10T04:00:00Z When he entered office, 19.4 percent of national income went towards taxes. Which Ronald Reagan Are the GOP Presidential Candidates Embracing? 2015-06-06T04:00:00Z In Turkey that was in the red to the extent of 5.7% of annual national income, or GDP, last year, down from close to 8% the year before. Turkey election: What's the economic context? - BBC News 2015-06-04T04:00:00Z The former Labour Party leader offered some praise for the current British government, noting the three main political parties had agreed on a target of spending 0.7 percent of gross national income on foreign aid. Miliband says world refugee crisis to worsen with climate change 2015-05-29T04:00:00Z Suppose the government needs to levy tax of 25% of national income to fund public services such as education, policing and infrastructure. Basically unaffordable 2015-05-21T04:00:00Z The share of national income that now goes to wages and salaries is at its lowest point in 50 years. JPMorgan ChaseVoice: What The Motor City's Turnaround Means For Cities 2015-05-18T04:00:00Z That’s more than 12 times the size of our national income. Power To The People: Can We Privatize The Welfare State? 2015-05-13T04:00:00Z Ignoring the housing sector is necessary because national income includes “imputed rent” to homeowners reflecting the benefits provided by an owned residence for which renters, in contrast, must pay. Has Middle-Class Pay Risen As Much As It Should Have? 2015-05-12T04:00:00Z For there’s those two other parts to national income when calculated this way. What Jolly Japes With US GDP Figures 2015-05-06T04:00:00Z Entries were matched with the Gini index, an estimate of national income inequality. Money is Driving a Wedge in Teen Health 2015-04-22T04:00:00Z Cruz complained last year, “Right now, the top 1 percent in this country … earn a higher share of our national income than any time since 1928.” That's not what 'socialism' means 2015-04-22T04:00:00Z Silicon Valley and the surrounding areas are a microcosm of national income inequality. Fighting Homelessness, One Smartphone at a Time 2015-04-14T04:00:00Z At the time everyone knew that this provision would never become reality, since the historical trend for medical costs is to grow at twice the rate of growth of national income. The Doc Fix Is Small Change Compared To What Will Be Needed To Fix Obamacare 2015-04-07T04:00:00Z With a fixed national income pie, if some people manage to get more, other people must be getting less. Can Employers Make Us All Richer By Paying Higher Wages? 2015-04-06T04:00:00Z Under current policies, spending on the elderly — mainly Social Security, Medicare and long-term care under Medicaid — inexorably rises as a share of national income and the budget. Partners in posturing 2015-03-29T04:00:00Z It said failure by the UK to maintain the defence spending target of 2% of national income, set by Nato, risked undermining the alliance. Libya instability is 'security threat' to UK, say MPs 2015-03-24T04:00:00Z In 2019/20 spending will grow in line with the growth of the economy - bringing state spending as a share of national income to the same level as in 2000, he said. Osborne draws election battle lines 2015-03-18T04:00:00Z The chancellor told MPs at Westminster that he would meet his promise, made in 2010, that debt would be falling as a share of national income by the end of the parliament. Osborne Budget spells 'more cuts' 2015-03-18T04:00:00Z The national debt will now reach a peak in the current year, a year earlier than we were told only in December, at 80.4% of GDP or national income. Osborne's famine followed by feast 2015-03-18T04:00:00Z Mr Osborne also announced that debt as a proportion of national income would fall in the next financial year. Chancellor reduces surplus target 2015-03-18T04:00:00Z And public spending as a share of GDP, or national income, would still fall to around 36% - or a proportion that hasn't been seen since the late 1930s. A £6bn Budget windfall 2015-03-17T04:00:00Z The median earnings of female personal care providers were $23,657, higher than the comparable national income and greater than the median earnings of men. These Are the Best (and Worst) Paying Cities for Women 2015-03-17T04:00:00Z Last week, MPs approved a backbench motion calling for the UK to spend at least 2% of national income on defence. Labour 'considers fewer nuclear subs' 2015-03-15T04:00:00Z At a summit in Wales last year, Nato members committed to spending 2% of national income on defence annually. Nato urges 'UK leadership' on budget 2015-03-13T04:00:00Z MPs have approved a backbench motion calling for the UK to spend at least 2% of national income on defence. MPs call for 2% defence spending 2015-03-12T04:00:00Z The UK has one of the largest foreign aid budgets in the world and has met a UN target to spend 0.7% of its national income on overseas development. Tory MP O'Brien gets top UN role 2015-03-09T04:00:00Z Men earned less than the respective national income for the occupation. These Are the Best (and Worst) Paying Cities for Women 2015-03-17T04:00:00Z He says the U.S. spends 4.6% of gross national income on defence, a fact which Col. Budget Cuts Could See British Army 'Reduced to 50,000' 2015-03-09T04:00:00Z He added that the UK was one of the few Nato countries to spend at least 2% of the national income on defence. Armed forces 'underpin' UK union 2015-03-09T04:00:00Z Mr Cameron is under pressure from some Conservatives and retired generals over the target that Nato member states should each spend a minimum of 2% of their national income - or GDP - on defence. MPs call for 2% defence spending 2015-03-12T04:00:00Z Because Nato's benchmark is linked to national income, it requires countries to increase their defence budgets at the rate of economic growth. Can the UK afford to defend itself? 2015-03-02T05:00:00Z Simon Kuznets, who died in 1985 at the age of 84, helped lay the foundation of the modern field of economics by creating standard measures of national income and economic growth. What’s an Economist’s Nobel Medal Worth? $390,848 2015-02-27T05:00:00Z Though far from a household name, Simon Kuznets helped lay the foundation of the modern field of economics by creating standard measures of national income and economic growth. Putting a Price on Simon Kuznets’s Nobel in Economics 2015-02-24T05:00:00Z Armenia is not the only former Soviet republic sending migrant workers to Russia: Kyrgyzstan’s and Tajikistan’s national incomes depend even more on Russian remittances. In Armenia, towns without men as migrant laborers leave to find work 2015-02-12T05:00:00Z According to the OBR, the spending plans outlined at last year's Autumn Statement would see "government consumption of goods and services" fall to its lowest level, as a share of national income, since 1938. What can the 1930s tell us about public spending? 2015-02-12T05:00:00Z Late last year, developing countries added to the draft Sendai text a proposal to increase the financial resources they would receive from developed nations by an unspecified percentage of gross national income per year. Progress on global disaster plan lags over aid row 2015-02-05T05:00:00Z The report said that the high deficit of more than 5% of national income, and total debt of more than 80% of income, is because of poor economic performance at the start of this parliament. IFS says 'worst of cuts to come' 2015-02-04T05:00:00Z In the main advanced countries accumulated private wealth is some 4-7 years of national income. Égalité à la Thomas Piketty All the Rage in Tokyo 2015-02-02T05:00:00Z The median figures give us a much better picture of our national income disparity. A clearer view of income inequality 2015-01-29T05:00:00Z This drove up defence spending and, as a share of national income, it was two and half times as high in the late 1930s as it is projected to be by the late 2010s. What can the 1930s tell us about public spending? 2015-02-12T05:00:00Z But it is debt as a share of GDP or national income which determines affordability. Why aren't markets panicking about Greece? 2015-01-26T05:00:00Z It would mean public spending falling to its lowest share of national income since at least 1948, and fewer people working in the public sector than at any time since at least 1971. IFS says 'worst of cuts to come' 2015-02-04T05:00:00Z Although of course the rise in inequality long predates Obama’s time in the White House; the top 1 percent’s share of national income has been trending upward since Obama was in high school. Republicans have started to care about income inequality 2015-01-22T05:00:00Z The government is committed to spending 0.7% of the UK's national income on overseas aid. £1bn spent 'to meet UK's aid target' 2015-01-15T05:00:00Z And his rationale for reducing the debt is to protect the public finances from soaring well above 100% of national income, next time there is some kind of economic debacle. How Osborne would run a budget surplus 2015-01-14T05:00:00Z Russia hosts the largest population of Armenians outside Armenia and is the largest source of remittances, which accounted for more than a fifth of Armenia’s national income last year. Armenia picks Russian economic ties but tries to keep foot in the West 2015-01-05T05:00:00Z Ignoring the essence of capitalism—private property, voluntary exchange, and open, competitive markets—he attempts to redefine it in terms of a simple accounting formula involving capital’s share of national income. Assessing Thomas Piketty's Capital in the Twenty-First Century 2015-01-07T05:00:00Z That will trim at least $30 billion from national income in 2015, he said, forcing the government to postpone vital public works projects and contributing to a jobless rate already over 30% for skilled labor. Dark side of declining oil prices is economic pain for some countries 2015-01-07T05:00:00Z We see this in the reasonable pricing of equities relative to corporate benchmarks such as net worth or profits, as opposed to equity market pricing against broader economic measures like yields or national income. Our Fearless Forecast for 2015 2015-01-05T05:00:00Z Based on data analyzed by the Tax Policy Center, the top 1 percent of income earners pay 26 percent of all federal taxes and earn 24 percent of all national income. No, the U.S. economic system is not rigged in favor of the middle class 2015-01-02T05:00:00Z "Or do we carry on with the same failed Tory policies and slash public services to a level of national income last seen in the 1930s?" Balls: Tories cede 'centre ground' 2015-01-01T05:00:00Z It matters because it boosted the estimate of the UK's gross national income. Numbers of the year 2014 2014-12-30T05:00:00Z "He is able to point convincingly to a recent reversal of historical trends, so that the share of national income taken by the owners of capital has expanded over the past generation." The big ideas of 2014: Part I 2014-12-28T05:00:00Z Labor’s share of national income is at dramatic lows: Curb your GDP enthusiasm, in six charts 2014-12-24T05:00:00Z Conservative backbenchers are expected to try to block a bill later that commits the UK to spending 0.7% of national income on international aid. PM says UK to 'meet promise' on aid 2014-12-05T05:00:00Z Still, median household income is important because it is such a convenient and easy-to-understand measure, representing the income of the household exactly in the middle of the national income distribution. Median Household Income Is Falling Because People Are Working Less 2014-12-03T05:00:00Z It's based on very high rates of investment, currently running at 48% of national income or GDP. Whatever happened to the Brics? 2014-11-26T05:00:00Z There are two apparent beacons in the gloom - the UK and US, where annual growth in national income is around 3%. Is the global economy headed for the rocks? 2014-11-17T05:00:00Z Income inequality not only deprives them of the resources to save, but cheats Social Security of a fair share of the national income. The hard truth about Americans' retirement options 2014-11-15T05:00:00Z Legislation to commit the UK to spending 0.7% of national income on aid was in the 2010 Conservative manifesto and in the coalition agreement. Clegg: Tories must meet aid pledge 2014-11-13T05:00:00Z Because the wage-earner’s share of national income is declining, increasing the Social Security tax on wages would not ensure the financial viability of the program but would reduce workers’ income and increase employers’ costs. Another proposal to fix Social Security "The budget contributions are based on gross national income and I don't really believe that they should be changed." UK European Surcharge Payment Postponed 'Until After Election' The national wealth of each of these countries increased from 2–3 times national income in 1970 to 4–6 times income in 2010. Economics: Account for depreciation of natural capital 2014-11-04T05:00:00Z If the wage share in national income were the same as 35 years ago, the average worker would be £100 a week better off. This crude assault on Europe strikes at the very heart of Enlightenment values 2014-10-25T04:00:00Z Back in May, the UK’s Office for National Statistics published a report on the revisions to national income, including estimates of the effect of Britain’s contribution to the EU budget. Memories of Thatcher: Will EU Battles Crush David Cameron? 2014-10-25T04:00:00Z Australia’s per capita gross national income of $41,524 last year was roughly on par with other highly developed countries. The 10 Most Livable Countries in the World 2014-10-25T04:00:00Z The argument is that in the reference period, based on a new way of calculating gross national income, the UK has been outperforming the rest of the EU by some distance. David Cameron kept in the dark over EU’s bill for €2.1bn 2014-10-24T04:00:00Z But his measures of national income and savings adjust only for depreciation of 'fixed capital' — buildings, equipment and so on. Economics: Account for depreciation of natural capital 2014-11-04T05:00:00Z Eurosceptics at home branded the EU a "thirsty vampire" for seeking an additional, immediate sum worth a seventh of London's annual payment following a major statistical review of national incomes. 'We won't pay,' furious Cameron tells EU over surprise bill 2014-10-24T04:00:00Z Profits are at their highest level relative to national income since the 1960s. The fury of the makers 2014-10-23T04:00:00Z The U.N. used gross national income in its calculation of the Human Development Index to reflect the standard of living in a country. The 10 Most Livable Countries in the World 2014-10-25T04:00:00Z Essentially, homeowners are assumed to pay themselves rent, which is included in national income. Has Inequality Driven a Wedge Between Productivity and Compensation Growth? 2014-10-20T04:00:00Z And there is no state in the world, federal or otherwise, in which one part of the country pays national income tax while the other part is exempt. If you want to kill off the United Kingdom, there is no better way 2014-10-17T04:00:00Z EU officials called it an effect of a once-in-a-generation review of how national incomes are calculated, which found Britain was richer than it had previously declared. 'We won't pay,' furious Cameron tells EU over surprise bill 2014-10-24T04:00:00Z Reported profits are, overall, still moving up, but the more realistic measure of earnings–the Bureau of Economic Analysis’ national income and product accounts–is gloomy. Why Stocks Are Wobbling 2014-10-15T04:00:00Z The standard of living dimension was determined by gross national income per capita. The 10 Most Livable Countries in the World 2014-10-25T04:00:00Z But it is hard to justify including net indirect taxes and depreciation in the “national income” part of the productivity measure. Has Inequality Driven a Wedge Between Productivity and Compensation Growth? 2014-10-20T04:00:00Z It strongly reinforces the income-happiness paradox: the fact that, as national incomes rise, happiness does not rise with them. The age of loneliness is killing us 2014-10-14T04:00:00Z He said the EU executive would explain the calculation to ministers but there was no question of changing what countries had themselves determined were their gross national incomes. 'We won't pay,' furious Cameron tells EU over surprise bill 2014-10-24T04:00:00Z And France, where I am making a BBC2 film on whether its enviable state-funded lifestyle is affordable and sustainable, seems trapped in a pincer of stagnating national income and rising national debt. Chancellor warns of UK slowdown 2014-10-09T04:00:00Z The national income tax rate in Denmark, for example, is 3.76%. Turning American Into Sweden; Lane Kenworthy, Yes, But Add Some Scott Sumner 2014-10-08T04:00:00Z Britain’s coalition government now spends 0.7% of national income on aid, fulfilling the pledge made by the last Labour administration. The new Washington consensus - time to fight rising inequality 2014-10-05T04:00:00Z Compare that to Uganda, where a quarter of residents are in poverty and gross national income per capita is $510. What the Ebola outbreak tells us about global inequality An ageing population means a larger chunk of national income devoted to their well-being. The onward march of the century makers 2014-09-26T04:00:00Z Or to put it another way, the oomph will fade from the UK's strong recovery - we are probably past the peak of this phase of the UK's growth in GDP or national income. Chancellor warns of UK slowdown 2014-10-09T04:00:00Z How do countries calculate their national income accounts? How much Are We Really Spending On Health Care? 2014-09-24T04:00:00Z Excluding oil, Scotland ran a public sector deficit of nearly 11 percent of its national income in 2012-13 — a bigger gap than in Greece or Ireland. Scottish Vote Weighs Pride Against Risk 2014-09-17T04:00:00Z Instead, we find robust evidence that national incomes decline, relative to their pre-disaster trend, and do not recover within twenty years. A One Percent Rise In Taxes Is Worse Than A One Degree Rise In Temperature 2014-09-09T04:00:00Z For the way we define these things domestic income is going to be pretty much the same as domestic production, national income is going to be pretty much the same as national production. The Least Interesting Economic Statistic Of All Time 2014-08-30T04:00:00Z For example, the percentage of national income that flows to capital is a little higher in the US than the UK. Britain Is Poorer Than Any US State: Yes, Even Mississippi 2014-08-25T04:00:00Z In the end, the UN settled on a figure of 0.7% of national income—a target subsequently reaffirmed by endless international powwows. Aid to the rescue 2014-08-14T04:00:00Z Environmental problems cost China about 9% of its gross national income in 2008, and examples of its impact on growth are everywhere. HSBCVoice: How Will China's New Environmental Reforms Affect Growth? 2014-07-29T04:00:00Z First, over the next 40 years, the growth in population and national incomes will boost energy demand, especially in developing countries. The elephant in the atmosphere 2014-07-17T04:00:00Z In the boom years after the mid 90s, the owners of capital took a larger share of national income, and the labour share tended to decline. Capital in the Twenty-first Century by Thomas Piketty – review 2014-07-17T04:00:00Z "It is proposing huge cuts which will reduce day-to-day public spending as a proportion of national income to its lowest level since 1948." Salmond: Westminster 'threat' to NHS 2014-07-16T04:00:00Z But there’s pretty much no relationship between national income and views of how corrupt business is. Is the U.S. as Corrupt as the Third World? 2014-07-14T04:00:00Z Despite the patina of historical enmities, many of these conflicts, then, are really struggles for control over the principal source of national income. From Ukraine to Iraq: Welcome to the new age of energy wars 2014-07-10T04:00:00Z This 6% increase in national income numbers gives the government more scope to cut its austerity programme. Irish GDP revision eases debt target 2014-07-03T04:00:00Z MPs are to be asked to pass legislation to enshrine the UK's commitment to spend 0.7% of its national income on international aid into law. MP tables bill for 0.7% aid target 2014-07-01T04:00:00Z Underneath those low national income tax rates are high local income taxes. Why Jonathan Cohn Is Right To Have Sweden Envy; It's A Great Place To Live 2014-06-23T04:00:00Z The main assumption they used was that the cost of cybercrime is a constant share of national income — at least in countries with similar levels of development. Report: Cybercrime and espionage costs $445 billion annually Piketty argues that the owners of capital will capture a growing share of national income at the expense of labor. Is Piketty's 'Second Law of Capitalism' Really a Law? 2014-06-06T04:00:00Z The basic identity is that national income equals consumer spending plus investment plus government spending on goods and services plus net exports. 10 Essential Economic Truths Liberals Need to Learn 2014-06-05T04:00:00Z Their findings, however, were recently undercut by a University of Glasgow analysis that said “foreign ownership in key economic areas” was a drag on national income statistics. Scots Are Divided Over Independence, and Its Economic Costs 2014-06-01T04:00:00Z Though there are patterns, obesity is not evenly distributed by region, by ethnic group or by national income levels. No Nation Has Lowered Obesity Rate in 33 Years 2014-06-02T04:00:00Z The report stated that countries appear to tolerate cybercrime losses as long as they stay at less than 2 percent of their national income. Report: Cybercrime and espionage costs $445 billion annually Certainly, the components of the national income accounts show the recent performance of the economy in greater detail than what happened to money and velocity. Monetarist vs Keynesian: Velocity Is the Key 2014-06-02T04:00:00Z As a result, more of our national income each year will go to the increasingly concentrated owners of the nation’s capital. Piketty’s haters fail again: Destroying five new lies designed to discredit “Capital” 2014-06-02T04:00:00Z A Scottish government spokeswoman said independence would allow Scotland to ensure the country’s wealth “properly benefits everyone in our society”, and defended the use of GDP figures rather than gross national income. New doubt cast over Alex Salmond's claims of Scottish wealth 2014-05-29T04:00:00Z Eventually he thinks capital will stabilize, so it’s no longer growing faster than national income—albeit at a much higher level than currently. Piketty's Capital: An Economist's Inequality Ideas Are All the Rage 2014-05-29T04:00:00Z Without growth, it will struggle to reduce its massive debt load, which amounts to 133 percent of the country's annual national income. EU-wide elections could roil politics back home 2014-05-22T04:00:00Z It does, as above, seem to insist that the national income is some fixed amount and that it is only the division of it that we should be concerned with. The High Pay Centre's Horrible Misunderstanding Of Pay And Inequality 2014-05-15T04:00:00Z The share of national income captured by the richest 1 percent of Americans is even higher than it was at the dawn of the 20th century. The Politics of Income Inequality 2014-05-13T04:00:00Z Private wealth dwarfed national income and was concentrated in the hands of the rich families who sat atop a relatively rigid class structure. The Economist explains: Thomas Piketty’s “Capital”, summarised in four paragraphs 2014-05-04T23:50:00Z The same was true of the share of national income paid to owners of capital. Inequality: "Capital" and its discontents 2014-04-21T13:24:34Z At the same time, the upper class increased its share of the national income from 29 to 46 percent. A Supreme Court out of control! How McCutcheon will spur corruption and inequality 2014-04-02T18:43:00Z “The Libyan Interim Government confirms that the sale of Libyan oil is the main source of national income and any illegal removal will not be tolerated,” the Libyan government said in a statement. U.S. SEALs board North Korea-flagged tanker for return to Libya 2014-03-17T14:43:00Z Profits account for the largest share of national income since the 1930s. Economic Scene: A Relentless Rise in Unequal Wealth 2014-03-11T22:11:32Z In fact, in the decade following the early 1990s, labor’s share of our national income actually declined by 7.2 percent. Equation for a healthy economy: Take Wall Street and make it much smaller 2014-03-06T13:50:00Z As a result, there will be less national income and thus less tax revenue. High & Low Finance: Questioning a Dire Economic Forecast 2014-02-27T21:38:19Z The study highlights that the US spends a much higher proportion of national income on military spending than on overseas aid. Overseas aid 'good for donors too' 2014-02-19T15:02:39Z The Square Mile, as it is also called, houses more than 2,500 finance and insurance businesses and 550 foreign banks, employing 400,000 people and contributing some 50 billion pounds to the national income. London's finance hub changes tactics in meeting militant threat 2014-02-10T14:02:20Z The share of national income absorbed by corporate profits, a major component of capital’s share, is already rising sharply. Economic Scene: A Relentless Rise in Unequal Wealth 2014-03-11T22:11:32Z They say that will put an extra burden of taxation on workers, amounting to about 1.4% of national income by 2035. Pension age rise 'could be delayed' 2014-02-07T13:00:42Z And at a leverage ratio of 4.5%, the contraction of credit would be not far short of the UK's national income, at £1.3tn. Is UK's housing-finance system broken? 2014-02-05T10:25:44Z This is a bill designed to increase our national income and federal revenues, and to provide insurance against recession. Today's Economist: How L.B.J. Pushed Through Kennedy’s Tax Cut 2014-02-04T05:01:37Z There was an unprecedented lifeline for the markets and Prof Roberts estimates the overall support for the financial system in 1914 was larger as a share of national income than what was deployed in 2008. World War One's financial crisis - parallels with 2008 2014-01-27T10:46:37Z To be clear, in 2007 most economists were even then arguing that China was too dependent on investment, with expenditure on plant, equipment, buildings and infrastructure already 40% of national income, or GDP. The good and bad of China's growth 2014-01-20T09:39:29Z Many areas of Saudi consumption, including the retail industry, housing and travel, have ballooned in the past decade because of oil-fuelled growth in national income. Saudi healthcare booms as state scrambles to close welfare gap 2014-01-19T11:23:33Z He told MPs that immigration boosted national income because migrants were more likely than native Britons to be of working age and less likely to use benefits, pensions and healthcare. Lower migration to 'push up' UK debt 2014-01-14T15:37:35Z On both these measures, Scottish debt as a percentage of national income would be below that for the rest of the UK. What UK debts are Scotland's? 2014-01-13T10:55:51Z But in no way does that development excuse us from caring about and worrying about national income inequality, for a few very important reasons. Inequality: On important but irrelevant facts 2014-01-09T13:52:59Z That allows capital to gobble up a larger share of national income, raising its return. Free exchange: All men are created unequal 2014-01-02T16:00:51Z While the share of national income going to the top earners may be rising, it's not rising so fast that it shrinks the actual size of the slices going to any other income group. Inequality: A defining issue, for poor people 2013-12-16T18:23:07Z If we don't find ways of redistributing national income that don't hurt growth, we're going to end up with ways of redistributing national income that do. Inequality: A defining issue, for poor people 2013-12-14T01:32:52Z The government's pledge to spend 0.7% of gross national income on international development is to be met without an increase to the current aid budget. At-a-glance: Autumn Statement 2013-12-05T14:02:30Z The IFS is projecting a squeeze of 1.9% of national income at the start of the next decade if debt is to be brought down to manageable levels. Scottish independence: prepare for a fiscal squeeze 2013-11-18T12:19:54Z From 1700 until the first world war, the stock of wealth in Western Europe hovered at around 700% of national income. Free exchange: All men are created unequal 2014-01-02T16:00:51Z Since capital tends to be owned by richer households, a rising share of national income going to capital worsens inequality. Pay and economic growth: A shrinking slice 2013-10-31T15:59:22Z Osborne also said he wanted to freeze the duty on fuel for the rest of the current parliament, due to end in 2015, and would keep capital spending in line with national income. UK's Osborne slams Labour over power freeze plan 2013-09-30T12:04:21Z Imputations of the value of this work are included in some experimental national income accounts but are largely ignored in discussions of public policy, with some perverse consequences. Today's Economist: Valuing Houses but Not Housewives 2013-09-09T04:01:00Z Such countries were losing almost 2% of national income in tax not paid by firms, depriving them of billions of pounds, the charity said. G20 warned over Africa tax avoidance 2013-09-03T21:55:32Z According to the Resolution Foundation, a think-tank, in 1977 the state supplemented their wages by one percentage point of national income. Living standards: Squeezing the hourglass 2013-08-08T15:00:01Z Paradoxical as it may sound, a good antidote to labour’s falling share of national income would be to boost ordinary workers’ share of capital. Pay and economic growth: A shrinking slice 2013-10-31T15:59:22Z Assessing Scotland's GNP was hard for technical reasons, but a comparable gross national income figure suggested Scotland would slip down to 13th in the world rankings, in equal position with the rest of the UK. Alex Salmond criticised over North Sea oil claims 2013-07-23T17:32:14Z That’s why imputed rent is calculated as a component of personal income in national income accounts – an important exception to the rule that only monetary transactions are included. Today's Economist: Valuing Houses but Not Housewives 2013-09-09T04:01:00Z Because what the latest figures are likely to show is a surge in national income. Economy: politics of the recovery 2013-07-21T19:28:41Z First, South Sudan shut down oil production, then accounting for roughly 99 percent of national income, over a disagreement with Sudan. For South Sudan and the U.N., a Relationship of Growing Distrust 2013-07-20T22:49:58Z Tourism is the country's economic lifeline, representing almost 12% of Egypt's national income. Luxor struggles as turmoil keeps Egypt tourists away 2013-07-19T08:34:45Z Sweden and Luxembourg were the most generous donor countries, giving the most aid in proportion to their gross national income. Turkey fourth biggest donor country 2013-07-17T12:09:18Z The UK's national income grew quite strongly this spring, the numbers are likely to show; which will be all the reason David Cameron and George Osborne need to argue that their strategy is working. Cost of living: the endless squeeze 2013-07-16T22:33:09Z It really wouldn’t surprise me is stock and option awards were, in the national income statistics, described as returns to capital, not labour. Fun Number: Facebook's IPO Means That San Mateo County Is The Best Paid In The US 2013-07-03T14:55:00Z Aid will rise significantly in the next few years as the coalition government meets the longstanding UN aid target of 0.7% of gross national income. Winners and losers – but mostly losers – as Osborne deals again 2013-06-26T22:39:07Z In a recent post, I noted the declining share of national income going to labor in the form of wages and benefits and the rising share going to capital income like dividends. Today's Economist: Labor’s Declining Share Is an International Problem 2013-06-25T11:15:21Z But that was unusually high as a result of the loss to national income associated with the financial crisis and recession. Spending through the decades 2013-06-24T23:08:20Z But the impact of poor nutrition on work productivity is the biggest drag on national income. Cost of hungry children revealed 2013-06-21T07:14:15Z The 2012/13 Global Wage Report by the International Labor Organization, a U.N. agency, found a world trend of a decreasing workers’ share in the national income. Way of the World: The Problem With Too Many Millionaires 2013-06-20T13:02:18Z The government believes that the UK aid budget, which will hit the UN target of 0.7% of national income this year, should be used to promote private sector advances in developing countries. UK to unveil £50m fund for life-saving innovations 2013-06-13T23:05:04Z In short, from the point of view of workers and those with modest savings, rising interest rates are unambiguously a good thing, because they will raise personal income and labor’s share of national income. Today's Economist: Labor’s Declining Share Is an International Problem 2013-06-25T11:15:21Z So actually, after eight years of austerity, the amount the government share of national income is forecast to be back to the level it was in the mid-2000s. Spending through the decades 2013-06-24T23:08:20Z When all these figures are added together, the report says, they represent the equivalent of 5.6% of national income lost due to poor nutrition. Cost of hungry children revealed 2013-06-21T07:14:15Z Debt figures are usually calculated as a ratio of a country's national income and expressed as a proportion of GDP. Eurozone: three countries have debt-to-income ratios of more than 300% 2013-06-09T20:03:45Z Worse, despite all the attention given to austerity, the share of national income spent by governments crept up in 2012, rising more in the eurozone than in the rest of the EU. Incoherent EU economic policy won't deliver a swift recovery 2013-06-08T23:01:07Z After all, the United States had traditionally devoted less of its national income to social programs than did France, Sweden and other nations. Today's Economist: Casey B. Mulligan: Andrew Greeley's Insistence on Careful Measurement 2013-06-05T04:01:41Z However, while spending as a proportion of national income is forecast to be the same in 2017-18 as it was in 2004-05, the composition of that spending will be different. Spending through the decades 2013-06-24T23:08:20Z The 2007 research in Latin America indicated that under-nutrition in early childhood resulted in losses to national income ranging from two to 11 percentage points. Cost of hungry children revealed 2013-06-21T07:14:15Z The popular premier, who took office in December after his party's big election win, said he would target annual gains of 3 percent or more in gross national income per capita. Japan's Abe targets income gains in growth strategy 2013-06-05T10:28:53Z And in the last decade it raised around 2 percent of national income — only about $1 in $10 of all federal tax dollars collected. Economic Scene: The Trouble With Taxing Corporations 2013-05-29T00:52:54Z And I think that's a great pity because I think 70p in every £100 of national income going on aid is not a vast amount of money. Global development podcast transcript: what's at stake at the G8? 2013-05-24T16:47:34Z The ultimate destination was and still is lower annual government borrowing needs - 3% of national income in the case of European Union countries and a stable level of government debt. Austerity: Is the EU changing tack? 2013-04-26T13:11:20Z The most common staple foods in Uganda are poor in vitamins Children not eating well costs Uganda more than 5% of its national income, the first large-scale survey of the economic impact of malnutrition shows. Cost of hungry children revealed 2013-06-21T07:14:15Z |
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