Don't listen to the rich: inequality is bad for everyone
- Written by Chris Doucouliagos, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University
Having only a few people with most of the wealth, motivates others. This theory is actually wrong according to research.Aakkosia sosialistien lapsille (1912)/Flickr, CC BY-SAA world where a few people have most of the wealth motivates others who are poor to strive to earn more. And when they do, they’ll invest in businesses and other areas...
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