Income Inequality Around the World Is a Failure of Capitalism - Kentaro Toyama - Busine... - 0 views
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But inequality is rising in most developed countries, literally upending the Kuznets curve
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The Kuznets Curve, named after Nobel Laureate Simon Kuznets, predicts that as nations become wealthier, inequality initially rises and then declines, like a single squeeze of an accordion.
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The OECD considers several reasons why this might be, including: increases in more people working part-time; increases in investment-based income among richer households; and even rich folks marrying each other and doubling up on wealth accumulated at the top.
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