|
A novel solution to inequality: Pay poor people more
Friday, December 9th, 2011
Dec. 9, 2011
The OECD says that inequality is growing even in countries we think of as paragons of egalitarianism… This trend looks set to continue. The developed world’s cherished standards of living are under fierce assault. This is especially the case in Europe… Reversing it, however, should require a focus on alleviating poverty, not reducing the stock of wealth further… perhaps by setting a higher minimum wage (many countries do not have one). A concerted effort to pay poor people more would help to bring the minimum closer to the median wage in rich countries.
Tags: economy, ideology, poverty, standard of living
Posted in Equality Policy Context | No Comments »
Recent Comments