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Rising income inequality the “new normal”: study

Increasing levels of economic inequality are the “new normal” and we can expect them to get worse, not better. That’s the key takeaway from a recent study on long-run levels of income growth in Canada, Australia and the United States published by the OECD. The study highlights the explosive rise of incomes in the top […]

July 24, 2014

Increasing levels of economic inequality are the “new normal” and we can expect them to get worse, not better.

That’s the key takeaway from a recent study on long-run levels of income growth in Canada, Australia and the United States published by the OECD.

The study highlights the explosive rise of incomes in the top 1% over the last 30 years, and their growing share as compared to the bottom 90% and 99%. Authored by eminent Canadian economist and…