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"Yes, inequality is getting worse. Yes, it is bad for economic growth, because it stunts consumer demand. And yes, even the rich ought to worry about the way they are taking an ever-increasing share of society's wealth and income, according to a weig..."
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936 words • advanced • 3 years, 6 months ago
"Students study math at the Ridings Federation Winterbourne International Academy in South Gloucestershire, England, in February. MATT CARDY/GETTY IMAGES It’s an age-old tradeoff in economics: Should a country narrow the gap between rich and poor if..."

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179 words • advanced • 3 years, 6 months ago
Income inequality in America is a serious issue. People are worried about a widening gap between the rich and the poor in the United States. But is the global ...

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792 words • advanced • 3 years, 10 months ago
"Economist Thomas Piketty in Berlin in November. Agence France-Presse/Getty Images Thomas Piketty became a darling of the left with “Capital in the 21st Century,” his 700-page tome on inequality. But some fellow economists aren’t quite as keen on hi..."

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461 words • advanced • 3 years, 4 months ago
business
"With income inequality at its worst in the US since the 1920s and President Barack Obama calling widening income inequality the "defining challenge of our time,"there has been an expansive pushto address the issue. In anew report, Causes and Conseque..."

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367 words • advanced • 4 years, 5 months ago
"New York Fed economists think there may be a correlation between two problems currently plaguing the U.S.: extreme political polarization and income inequality. Rajashri Chakrabarti,senior economist in the Federal Reserve Bank of NewYorks Research an..."
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345 words • advanced • 3 years, 7 months ago
"A National Association of Realtors analysis found that 93 out of the 100 largest metros had declining homeownership rates even as home prices rose between 2010 and 2013. LGI HOMES, INC. The National Association of Realtors on Thursday said rising h..."
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335 words • advanced • 4 years, 6 months ago
"Inequality is one of the most compelling economic questions of the moment but central bankers don’t usually talk about it. Step forward then Andy Haldane, the Bank of England‘s big thinker on financial stability and as of June 1 its chief economist. ..."
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503 words • advanced • 4 years, 2 months ago
"What’s behind rising income inequality: the pay difference between janitors and CEOs, or the gap between how well different employers pay each position? Income inequality in the U.S. has historically more about the former. But a new NBER paper argues..."
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395 words • advanced • 3 years, 1 month ago
business
"Runaway inequality is now America’s most critical economic fact of life. In 1970, the ratio of pay between the top 100 CEOs and the average worker was 45 to 1. Today it is a shocking 829 to one! During that time a new economic philosophy set in ..."
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454 words • intermediate • 3 years, 8 months ago
"Federal Reserve Chairwoman Janet Yellen is greeted by the audience as she arrives to deliver remarks at the Federal Reserve’s ninth biennial Community Development Research Conference focusing on economic mobility, in Washington on Thursday. YURI GRIP..."
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254 words • advanced • 4 years, 5 months ago
"Global wage inequality is expected rise, andeconomic 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 concent..."
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428 words • advanced • 4 years, 1 month ago
"A new report released by W. Bradford Wilcox and Robert Lerman at the American Enterprise Institutesuggests that more marriage is a possible solution to income inequality. “For richer, for poorer: How family structures economic success in America” mak..."

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949 words • advanced • 2 years, 10 months ago
business
"Much before his recent magnum opus, Thomas (pronounced “Thomah”) Piketty was already a well-decorated economist, having won the best thesis award at the London School of Economics and the prize for the best young economist in France in 2002, and ..."
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254 words • advanced • 3 years, 5 months ago
business
"America may not be moving any closer toward equal distribution of wealth, but around the world the trend is clear: Poverty is disappearing. Those are the findings of Tomas Hellebrandt and Paolo Mauro, two economists who recently published the paper "..."

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285 words • advanced • 4 years, 4 months ago
"U.S. income inequality is harming U.S. economic growth by excluding large swaths of the population from its cumulative benefits, Standard & Poor’s Ratings Services says in a new report. Tackling an unusual subject for a credit-rating firm, SP combine..."

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447 words • advanced • 3 years, 6 months ago
"Joseph Stiglitz, Nobel prize-winning economist and professor of economics at Columbia University, says the Fed’s aggressive monetary policies may have further boosted U.S. inequality. SIMON DAWSON/BLOOMBERG NEWS The Federal Reserve’s prolonged poli..."
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473 words • advanced • 4 years, 1 month ago
"French economist Thomas Piketty said earlier this year that he hoped to create a “more informed fight” about the issue of income inequality. Agence France-Presse/Getty Images The White House has some bones to pick with Thomas Piketty. The French ec..."
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269 words • advanced • 4 years, 1 month ago
"The distribution of income and wealth in the United States has been widening more or less steadily for several decades, to a greater extent than in most advanced countries.1 This trend paused during the Great Recession because of larger wealth losses..."
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628 words • intermediate • 5 years, 10 months ago
The topic selected is Economic Growth vs Income Inequality. Please turn on captions in order to view the subtitles.

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