3 ms·
Inequality is not decreasing by all measures, for example: "Income inequality in OECD countries is at its highest level for the past half century." [1] While i
by crc32 8y ago
Inequality is not decreasing by all measures, for example: "Income inequality in OECD countries is at its highest level for the past half century." [1]
While it is true that global inequality might be decreasing, localised levels are important, especially when existing in regions which might be considered "economic drivers"; because it has important implications for the stability of those regions, and this is highly likely to affect the continuation of the global trend for reduced inequality.
[1] http://www.oecd.org/social/inequality.htm http://www.oecd.org/social/inequality.htm
- MagnumOpus 8y agoWith globalisation, inequality _within_ countries has increased but inequality _globally_ is falling as the poorer half of the world is catching up. (Not nice for the unskilled Appalachian miner, but nice for the skilled Ukrainian coder or Indian engineer.)