Description: Ideas, facts and discussions on empirical economics in a broader political and societal context.
Ideas, facts and discussions on empirical economics in a broader political and societal context.
Menu About Links On income inequality – trends and drivers June 2, 2019 June 2, 2019 ~ hoberha ~ Leave a comment A highly political, highly politicised topic. The most simplistic picture: the prosperous get richer at the expense of the poor. The most simplistic solution: higher minimum wages and/or taking more (tax) money from the prosperous will make the world more equitable.
In the present political environment it is particularly important to look at the facts very carefully, and to try to understand some of the drivers of the change in relative household incomes, also understand the differences between advanced and emerging economies. Understanding these trends and drivers is also and in particular important for a food company, because this is about our consumers.