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Global Inequality Fueling Global Chaos
March 26, 2022 14:30 pm
The most comprehensive research done on the topic of inequality shows that in the year 1820, the average income of the global top 10 percent was 18 times higher than the bottom 50 percent while that number skyrocketed 38 times in the year 2020. The primary driver of this income disparity is financial deregulation, lack of unions, poor safety nets and the growth in executive pay and bonuses that far outstrips the salary growth of average blue and white collar workers.
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