Income Inequality Is Good For The Poor - 9 views
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hcps-crawlejl1 on 02 Feb 15"I recently analyzed data on national living standards from three different sources encompassing 160 countries. I compared the living standards enjoyed by the poor and by the middle class to inequality measures from two sources. These comparisons consistently showed that once the developed nations of Europe, Asia, and the English-speaking world are distinguished from the developing world, there is a tendency for countries with more inequality to have higher living standards below the top." This article basically states that though income inequality sometimes causes the lower percent of earners to be poorer, studies show that in many cases, there is a higher standard for living in places with income inequality, as well as saying that income inequality only used to be a more major issue in the past.