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US inequality is up but global inequality is down. https://ourworldindata.org/extreme-poverty https://ourworldindata.org/extreme-poverty
by andrewtbham 7y ago
US inequality is up but global inequality is down.
https://ourworldindata.org/extreme-poverty https://ourworldindata.org/extreme-poverty
- danans 7y ago> US inequality is up but global inequality is down. Not sure if you are implying otherwise, but the reduction in global inequality doesn't necessarily require growth in US inequality, although that's the form that this has taken. Growth in US inequality is to an extent a policy choice: US GDP has grown a huge amount during the same period, but the same period the majority of those gains have gone to those in the top fractions of 1% of the wealth distribution.