OECD: Wage inequality will only get worse from now through 2060, By Mamta Badkar, July 2, 2014, Business Insider: Global wage inequality is expected rise, and economic growth is expected to slow, between now and 2060, according to a new report form the OECD. The report points out that widening earnings gap, ‘rising capital incomes (which tend to be highly concentrated), less redistributive tax and benefit systems, and changing household formation patterns,’ have all contributed to rising inequality in recent decades. ‘Rising inequalities threaten growth, most notably by blocking economic opportunities,’ according to the press release. The OECD projects that earnings inequality could grow between 17-40% by 2060. . .”
Poverty-related issues in the news, from the Institute for Research on Poverty