Discussion: Growth, Inequality and Poverty

10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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This is a graded discussion: 5 points possible due Oct 4

Discussion: Growth, Inequality and Poverty 28 28

Inequality is rising worldwide. Average incomes of the richest 10% of the population are around 14 times that of the poorest 10% in the United States. This ratio can reach up to 27 to 1 in Mexico and Chile. The gap between rich and poor is also widening in China, India, and South Africa. It is clear the benefits of economic growth do not trickle down to all. Technological change is increasing demand for high-skilled workers to the detriment of the low-skilled. More part-time work and greater flexibility in labor markets to improve employment has pushed up wage inequality. In advanced economies, the tax and benefits system redistribute less than in the past; and in most developing countries, social security remains a dream.

10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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Discussion Topic:

1. What can we do so that most people are not just a few benefit from the wealth generated by economic growth? 2. How to redesign policies to boost growth and inclusiveness and to ensure both fairness and efficiency?

Share your thoughts.

Watch the Video: Growing inequality in the U.S.A.

10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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Watch the Video: Market System, Growth and Inequality

Growing Inequality In The USAGrowing Inequality In The USA

10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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Watch the Video: Income Growth and Inequality

As the Rich Get Richer, the Poor Get RicherAs the Rich Get Richer, the Poor Get Richer

10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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10/3/2020 Topic: Discussion: Growth, Inequality and Poverty

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Make your initial posting by 11:59 PM Pacific time on Sunday, October 4. 100 word minimum

Respond to at least 2 classmates (with video or text). 50 word minimum. Responses may include describing your own life experience or other real-world situation related to the post, adding additional information from assigned content or outside content, disagreeing respectfully by describing your own interpretation, proposing a new idea, or asking a probing question.

Income and Wealth Inequality: Crash Course Economics #17Income and Wealth Inequality: Crash Course Economics #17