Inequality’s Toll on Growth
Steel workers in New York City. Income inequality is at its highest level in decades with half of the world’s wealth in the hands of 1% of the population (Andrew Stern/Demotix/Corbis)
In This Episode
Study by IMF Staff suggests raising income levels of the poor and middle boosts overall economic growth. Co-authors Kalpana Kochhar and Era Dabla-Norris say the wealth of the rich is not trickling down.
