Inequality
in sentence
2932 examples of Inequality in a sentence
The tension between civil, legal, and political equality and the reality of economic and social
inequality
was noted as far back as the French Revolution.
Today, citizens inevitably use their civil, legal, and political rights to demand economic and social equality - or at least reduction of
inequality.
"When
inequality
is the common law, the strongest inequalities are not conspicuous," Alexis de Tocqueville wrote in his classic Democracy in America , but "when everything is more or less leveled, the slightest
inequality
hurts."
The 2008 global financial crisis, the resulting recession, and rapidly widening income and wealth
inequality
have punctured the glib triumphalism of economics.
And it improved the 100-point Gini coefficient of income
inequality
by a full five points.
But what if
inequality
continued to rise in Asia, and no one noticed?
It is striking that, when asked which country in Asia is the most unequal according to the Gini coefficient (the most commonly used measure of income inequality), students at Chulalongkorn University’s Sasin Graduate Institute of Business Administration in Thailand identified India, Vietnam, and Pakistan.
For many of them, it was a shock to learn that the CIA World Factbook ranks Thailand 12th in the world for income
inequality.
In particular, China, India, and Indonesia – the region’s main drivers of economic growth – have experienced significant rises in income
inequality.
By contrast,
inequality
largely declined in sub-Saharan Africa and Latin America and the Caribbean, although these regions’ average regional Gini coefficients still exceed Asia’s.
Rather than focusing on income inequality, therefore, Asia’s policymakers should focus on the drivers of
inequality
of opportunity –including unequal access to public services, such as education, electricity, water, and sanitation.
Indeed, although Asia’s unprecedented economic growth has brought with it rising inequality, it has also enabled the region to overcome the financial crisis of the late 1990’s, and to play a crucial role in leading the world out of the current global slump.
In a world driven by unstoppable technological progress and relentless globalization, we must consider whether income
inequality
really matters more than equality of opportunity.
My discussions of secular stagnation have all emphasized a variety of structural factors, including inequality, high profit shares, changes in relative prices, and global saving patterns.
The resulting “AI divides” will reinforce the digital divides that are already fueling economic
inequality
and undermining competition.
Other countries that followed America’s lead have experienced growing
inequality
– more money at the top, more poverty at the bottom, and a weaker middle class.
Most of the items on the agenda – from climate change to
inequality
– resonate particularly strongly for people living in urban areas, who comprise 54% of the world’s population.
This is one of the reasons that America has the highest level of
inequality
of any of the advanced countries – and its gap with the rest has been widening.
Other
inequality
indicators – like wealth, health, and life expectancy – are as bad or even worse.
Defenders of America’s
inequality
argue that the poor and those in the middle shouldn’t complain.
This shouldn’t come as a surprise, once one understands the sources of
inequality.
But growing
inequality
is not inevitable.
Inequality
leads to lower growth and less efficiency.
The Great Recession has exacerbated inequality, with cutbacks in basic social expenditures and with high unemployment putting downward pressure on wages.
Moreover, the United Nations Commission of Experts on Reforms of the International Monetary and Financial System, investigating the causes of the Great Recession, and the International Monetary Fund have both warned that
inequality
leads to economic instability.
But, most importantly, America’s
inequality
is undermining its values and identity.
With
inequality
reaching such extremes, it is not surprising that its effects are manifest in every public decision, from the conduct of monetary policy to budgetary allocations.
The Blind Alley of Monetary PopulismSWARTHMORE – In the United States and elsewhere nowadays, populist politicians often claim that easy monetary policy is hurting ordinary workers, thereby exacerbating income
inequality.
But while
inequality
is a problem, raising interest rates is no way to address it.
The truth is that monetary policy – which aims to promote overall economic growth, while maintaining price and financial stability – is not an appropriate lever for addressing income
inequality.
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