Income Inequality: Difference between revisions
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[https://www.epi.org/publication/inequalitys-drag-on-aggregate-demand/ by Josh Bivens and Asha Banerjee 4/5/22 Economic Policy Institute] | [https://www.epi.org/publication/inequalitys-drag-on-aggregate-demand/ by Josh Bivens and Asha Banerjee 4/5/22 Economic Policy Institute] | ||
Rising inequality has had serious economic and fiscal effects. Key among them: It has hurt economic growth. By 2018, the rise in income inequality since 1979 was reducing growth in aggregate demand by about 1.5% of GDP. | Rising inequality has had serious economic and fiscal effects. Key among them: It has hurt economic growth. By 2018, the rise in income inequality since 1979 was reducing growth in aggregate demand by about 1.5% of GDP. | ||
=====Reduce Extreme Economic Inequality===== | |||
[https://grandchallengesforsocialwork.org/wp-content/uploads/2024/07/240730-Economic-Inequality_PB_final.pdf by Grand Challenges] | |||
Among high-income countries, the US ranks at the top for both income and wealth inequality. | |||
This extreme economic inequality is not inevitable; thoughtful policies can – and have – made | |||
our economy fairer and more just | |||
