26 ultra-rich people own as much as the world's 3.8 billion poorest

The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."

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  • A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
  • In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
  • The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
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How financial literacy impacts youth prostitution, AIDS, and women’s survival

Financial literacy programs turns girls into powerful economic contributors.

  • Around the world, girls are in positions of extreme vulnerability and risk. How can we increase the survival and empowerment of girls and women who have no education, who are married off as children, forced into prostitution, and who live in regions where AIDS/HIV is common?
  • One proven strategy is financial literacy programs, from as early as age six. It is the bedrock of change. When girls understand finance, savings, and how to think assess opportunity and risk, it is proven to impact seemingly unrelated areas of life, such as understanding their risk of contracting HIV/AIDS, explains Judith Bruce.
  • Invest in the poorest girls in the poorest countries early, says Bruce. Financial literacy affects their future decisions on health, education, and gives them their own economic agency. This benefits flow on to their children and will build a better, safer world.

I worked in the prison system for 5 years. Here’s what it does to a person.

Bishop Jahwar saw first-hand that prison often doesn't work as intended.

  • Most people who go to prison are not incorrigible criminals — just normal people who made mistakes.
  • The prison system can become breeding ground for antisocial behaviors.
  • Bishop Jahwar worked with prisoners to help them retain the core of who they were and "take masks off".
  • The opinions expressed in this video do not necessarily reflect the views of the Charles Koch Foundation, which encourages the expression of diverse viewpoints within a culture of civil discourse and mutual respect.
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Raising minimum wage to $15 an hour reduces costly turnovers, new study finds

As it turns out, the effects of the minimum wage increase are more nuanced than previously espoused.

(Photo by David Ryder/Getty Images)
  • In 2017, a study came out that claimed raising the minimum wage to $15 an hour actually cost jobs.
  • The same researchers have published a new report this month, which offers new conclusions. Namely, that experienced workers have seen benefits from the pay increase.
  • The new data also suggests, simultaneously, that while there are less new entries into the Seattle workforce, companies have experienced a noticeable reduction in costly turnovers.
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Jeff Bezos defends spending billions on rockets over, say, poverty

At what point does spending billions on rocket technology seem irresponsible to those suffering on Earth?

SAN FRANCISCO, CA - OCTOBER 15: Jeff Bezos speaks onstage at WIRED25 Summit: WIRED Celebrates 25th Anniversary With Tech Icons Of The Past & Future on October 15, 2018 in San Francisco, California. (Photo by Matt Winkelmeyer/Getty Images for WIRED25 )
  • The private space enterprise he founded will be testing even more in the near future, with $1 billion investment by Bezos each year
  • He wants to be seen as "risk taking" and a "needle mover"
  • Watch Blue Horizon's escape module test
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