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- The large differences we see across countries and over time are crucial. They show us that high and rising inequality is not inevitable, and that the extent of inequality today is something that we can change.
ourworldindata.org/economic-inequality
Why should we care about inequality? Some studies show that high inequality [encourages] poor people to choose very high tax rates on the rich, which reduces investments and growth rates. That’s one [reason we should care.]
- Vast Economic Inequality Means Vast Inequalities in Living Conditions
- Redistribution
- Economic Growth
- Conclusion
The large economicinequality is only one dimension of global inequality. There are many other aspects that people care about. But because a high income is important for good living conditions, these other inequalities map onto the economic inequality. Those who live on higher incomes have advantages in manyways. The chart shows what life is like on...
Redistribution through the state plays a large role in reducing inequality within countries and could also reduce global inequality. However, the reality is that, no matter in which rich country you pay your taxes, almost none of that goes to the world's poor people.3The redistribution governments do is not reaching the poorest people: it is domest...
Some suggest we can end poverty without additional growth by reducing global inequality. This is not the case. Reducing global inequality can achieve a lot, but it is important to be clear that redistribution alone would still mean that billions of people would live in very poor material conditions. The world is far too poorto end poverty without l...
What we have seen in the data here is one of the most important insights of development economics: people live in poverty not because of who they are, but because of where they are. A person’s knowledge, skills, and how hard they work all matter for whether they are poor or not – but all these personal factors together matter less than the one fact...
Mar 8, 2019 · As the following statistics show, there are huge differences in the types of inequality faced by women in different parts of the world - from cultural representation, to domestic burdens and child marriage. But through collective action and shared ownership, change is possible.
- Kate Whiting
Nov 1, 2022 · Inequality boomed as deregulation, economic liberalization programs and other policies created opportunities for the rich to get richer. Why inequality matters
- Fatema Z. Sumar
Mar 27, 2017 · To better understand income inequality, HBR asked leading economists to share a data visualization emblematic of the issue they find most compelling.
People also ask
Why should we care about inequality?
Is economic inequality on the rise?
Does inequality affect everyone?
What does large economic inequality mean?
Why is income inequality a problem in the United States?
What is the reality of global inequality?
What does it tell us? Is it different from country to country? How does it change over time? Here we try to answer these questions, providing an empirical overview of the gender pay gap across countries and over time. The gender pay gap measures inequality but not necessarily discrimination.
