Tuesday, December 6, 2011

Income Inequality on the Rise

Inequality continues to increase in the developed world. The technology age has aided skilled workers in commanding greater wages. The average income of the top 10% is 9 times greater than the bottom 10%. Inequality in American has increased 25% in the last 30 years. Action is necessary in order to stop the rising inequality. Report suggests implementing social and tax policies that would increase taxes for higher waged workers while providing support for the bottom tiers of the labor force.
http://www.washingtonpost.com/business/economy/oecd-report-cites-rising-income-inequality/2011/12/05/gIQAWrwZXO_story.html?hpid=z5

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