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Study Shows Income Inequality Severely Hampers Economic Growth

Posted on October 5, 2011 by TRP

 

 

Income inequality in the U.S. is higher than at any other time since the Great Depression, and the U.S. is currently more unequal than countries like the Ivory Coast, Ethiopia, and Pakistan. Though Republicans dismiss concerns over the gap as “class warfare,” the ever-increasing level of disparity has tangible consequences, leading to poor work performance and a greater gap in life expectancy. And now, according to a new Finance & Development study, income inequality also “kills economic growth.”

via Study Shows Income Inequality Severely Hampers Economic Growth | ThinkProgress.

 


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