Is income inequality rising or falling globally?

WITH weak GDP growth and falling real wages, the government does not have much to shout about on the economic front. Ministers, however, have one choice boast. It may defy popular belief but Theresa May, the prime minister, says that “inequality has been reduced to its lowest level in 30 years. read more

Income inequality has surged as a political and economic issue, but the numbers don’t show that inequality is rising from a global perspective. Yes, the problem has become more acute within most individual nations, yet income inequality for the world as a whole has been falling for most of the last 20 years. read more

Rising income inequality and the polarisation of societies pose a risk to the global economy in 2017 and could result in the rolling back of globalisation unless urgent action is taken, according to the World Economic Forum. read more