September 21, 2018 via Washington Post –
The pope has deplored it. It’s shifted Chinese economic goals and helped fuel populist political movements around the world. Even some of the world’s billionaires fear what might happen if it continues to rise. It is income inequality: a gap between rich and poor that has been widening in many countries for a generation. The term is often used imprecisely as a catch-all description of various related ills including poverty, job stagnation, class division and social disorder. Yet there’s much debate among economists about the impact of inequality itself and its relationship to prosperity.
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