How rising inequality is stalling economies by crippling demand
- Written by Stephen Bell, Professor of Political Economy, The University of Queensland
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth.ShutterstockRising inequality is a concern across the developed economies, including Australia where top earners’ pay has soared to a 17-year high while ordinary workers’ wage growth has been the lowest on...
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