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Differences in resource allocations or opportunities that arise within or between countries.
6
votes
Is income inequality decreasing?
Here is a fairly instructive figure showing a cross-country measure of income inequality:
It shows that inequality was increasing for most of the last 35 years, but has started to decrease again recently … (You can read more at the source for this figure: http://www.conferenceboard.ca/hcp/hot-topics/worldinequality.aspx)
Once data is weighted by population, we see a longer-term trend for decreasing inequality …
3
votes
Is the standard of living of poor & middle class people higher than in the past?
Something that is often overlooked when considering stagnation of income is the fact that even if (real) income did not increase at all, most people would still be better-off over time thanks to techn …
1
vote
Reconciling low wages with high technology and high education
This report by the Resolution Foundation identifies the following factors for poor wage growth of the young:
Productivity has been growing below trend levels for some time.
Young people experienced …