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Inequality in sentence

2932 examples of Inequality in a sentence

Pope Francis exhorts the world to say “‘thou shalt not’ to an economy of exclusion and inequality,” because “such an economy kills.”
The emphasis is understandable, but there is a real danger in framing the problem as one of inequality.
What should matter is not inequality per se – to paraphrase the gospel according to Matthew, the rich will always be with us – but rather whether citizens have a genuine opportunity to become rich, or at least become substantially better off.
It is the lack of upward mobility, not inequality, that is the core problem.
Seeing inequality as the problem can lead to all sorts of counter-productive “remedies” that in fact would make the situation worse.
The most obvious temptation is to try to reduce inequality by taxing the rich.
Inequality is real.
But getting it right requires understanding that inequality is not so much the cause as it is the consequence of what ails us.
Thomas Piketty, in his best-selling tome Capital in the Twenty-First Century, describes the rise of inequality that is resulting from low GDP growth.
Joseph E. Stiglitz’s book Re-Writing the Rules of the American Economy: An Agenda for Growth and Shared Prosperity blames political choices for both slowing growth and rising inequality.
In Gordon’s 2015-2040 projection, annual growth in median income in the United States is only 0.4%, compared to average income growth of 0.8%, reflecting continuously rising inequality.
Ultimately, however, political choices will determine whether the diffusion of artificial intelligence leads to widespread increases in median incomes or exacerbates polarization and inequality.
Moreover, while QE has benefited holders of financial assets by boosting the prices of stocks, bonds, and real estate, it has also fueled rising inequality.
It does increase inequality and threaten asset bubbles, which could lead to a new financial crash.
Allowing major multinational companies, which are already reaping massive profits and crowding smaller players out of entire industries, to avoid paying much tax does far-reaching damage, not least by exacerbating inequality and weakening public budgets.
At a time of deepening inequality, the primary challenge France faces is to shift its focus from damage control to damage prevention.
The result of all this tension is that Latin America is seeing its biggest arms race for decades, a sad trend when the region’s worst problems are poverty, inequality, and the marginalization of indigenous people.
Democracy in the United States, for example, has been accompanied by increasing inequality, so much so that the upper 1% now receives around one-quarter of national income – with wealth being even more inequitably distributed.
And inequality has reached outrageous levels, preventing society from uniting behind essential reforms.
This was a key factor behind the Arab Spring revolts; and, as protests in Chile, Brazil, Israel, Turkey, and India have shown, social tensions stemming from inequality are mounting around the globe.
To be sure, income inequality has been increasing worldwide for decades.
Even while many developing and emerging economies lifted millions of people out of extreme poverty, the perception that growth meant greater inequality was always bubbling below the surface.
But now increasingly persistent unemployment and under-employment are giving new impetus to the rise in inequality, as the OECD reported to the G-20 in July.
Consider Brazil, which enjoyed a long boom in the 2000’s, during which income inequality actually declined.
Other major goals include upgrading health care, reforming financial markets, and aiming to reduce the high levels of income inequality.
According to an annual Credit Suisse report, wealth inequality is now growing sharply in 35 of 46 major economies, compared to just 12 before 2007.
Similar anti-elite sentiment, fueled partly by working-class resentment of cosmopolitanism and economic inequality, underpinned the United Kingdom’s vote to leave the European Union.
But a country’s poverty rate also depends on the degree of income inequality – a reduction in which makes growth more pro-poor – and inequality in China has, in fact, increased more rapidly than in India.
So a rising tide really can lift all boats, with growth trumping inequality when it comes to poverty reduction.
Over the last 50 years, the most striking forms of inequality, including discrimination against women in access to education, health, employment, political participation, and household resources, have been largely reversed.
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