Inequality
in sentence
2932 examples of Inequality in a sentence
The recent rise in income
inequality
in China and other East Asian economies, for example, reflects the widening gap between those who are able to adopt advanced technologies and those who aren’t.
Wolf’s long-term solutions include tackling inequality, “more global regulation,” a greater degree of “freedom for individual countries to craft their own responses,” and economic analysis that is less in thrall to the free-market ideologues that led us into the crisis in the first place.
And, third, growth in the embryonic services sector, which currently accounts for just 43% of the country’s GDP, broadens China’s economic base, creating a significant opportunity to reduce income
inequality.
But it is also essential, because China’s new leadership seems determined to come to grips with a vast array of internal imbalances that threaten the environment, promote destabilizing income inequality, and exacerbate regional disparities.
At one extreme, the Nazis established a command economy while maintaining private property and a high level of income
inequality.
Today’s examples of illiberal capitalism range from toleration of extreme
inequality
to favoring heavy redistribution, and from overweening statism to broad deregulation of markets.
Indeed, China has passed the US and is nearing Latin American levels of
inequality.
This narrative puts the blame for stagnant wages and rising
inequality
on technological forces beyond our control.
And, as Anthony Atkinson reminds us in his masterful book on inequality, even technological change is not immune from government agency: There is much that policymakers can do to influence the direction of technological change and ensure that it leads to higher employment and greater equity.
RIYADH – The issue of rising income
inequality
loomed large at this year’s World Economic Forum in Davos.
It is crucial to distinguish
inequality
in productivity among firms from unequal distribution of income within firms.
But there is surprisingly deep
inequality
in firms’ productivity, which means that the size of the pie varies radically.
These two very different sources of
inequality
are often conflated, which prevents clear thinking on either one.
As with land, the current intellectual property-rights regime, by over-protecting old ideas, may provide market power that not only exacerbates income
inequality
but also hurts innovation.
Second,
inequality
of income and wealth in the US, already more pronounced than in other advanced democracies, has been increasing dramatically.
The gap also shows up in significant – andrising –
inequality
between the earnings of high-school educated workers and those with a college degree or higher.
The US experience is consistent with OECD evidence that students from countries with greater income
inequality
score lower on academic achievement tests.
Inequality
and Its DiscontentsLeaders around the world seem to be convinced that
inequality
and lack of broad participation in economic growth, if allowed to persist, will lead to social discord and even violence.
In fact, some statistical analyses of the correlation between
inequality
and social conflict conclude that there may even be an inverse relationship: societies that are more unequal tend to show less conflict, because the rich are better able to control the poor.
There is some evidence that social unrest follows from
inequality.
Nevertheless, one wonders why the evidence that
inequality
causes social unrest is not stronger.
One part of the problem may be that it is not always
inequality
per se that causes social discord, but also how
inequality
is perceived to have come.
By contrast, when
inequality
is perceived as the result of a breakdown in trusting relationships, it can lead to bitterness, and, ultimately, social unrest.
In such cases,
inequality
may be perceived more intensely, for people may link it with the loss of good will.
If they succeed in devising policies, laws, and incentives that achieve this, a byproduct would likely be a reduction in inequality, which one hopes would reinforce the improved sense of trustworthiness.
In the late 1800’s, America had its Gilded Age, with the creation of large new industries by the era’s “robber barons” accompanied by massive
inequality
and corruption.
While globalization has not been the sole (or even the most important) force driving
inequality
in the advanced economies, it has been a contributor.
What gives trade particular political salience is that it often raises fairness concerns in ways that the other major contributor to
inequality
– technology – does not.
So, for progressives who worry both about
inequality
in the rich countries and poverty in the rest of the world, the good news is that it is indeed possible to advance on both fronts.
The former need to restructure their economies and promote new industries, and the latter must address domestic concerns over
inequality
and distributive justice.
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