Since 1949 income inequality has got progressively worse, however this has no positive economic effect on growth.
One of the primary arguments for allowing incomes to become more unequal is that this should increase growth and benefit everyone. However worsening income inequality has not seen increased growth. The data since 1949 suggests that there has been no economic benefit from increasing inequality.
The publisher is the Centre for Welfare Reform.
Graphic on Growth v Equality © Simon Duffy 2017.
All Rights Reserved. No part of this paper may be reproduced in any form without permission from the publisher except for the quotation of brief passages in reviews.
social justice, tax and benefits, Graphic
