| Autor: |
Francis Teal |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
The Poor and the Plutocrats |
| DOI: |
10.1093/oso/9780198870142.003.0007 |
| Popis: |
We have a puzzle we need to resolve and the core of this puzzle is the remorseless rise in incomes of the poorest and the widening spread of incomes we observe across the world. The most politically conspicuous (and contentious) aspect of this rising spread is the increasing share of income going to the top 1 per cent, particularly in the UK and the US. In this chapter we compare income growth across the distribution for the UK and the US from the Thatcher/Reagan period until the years after the financial crash. The rise of the 1 per cent is shown to be largely at the expense of the 90–99 per cent. Inequality rose far more in the US than in the UK. In the New Labour years in the UK incomes of the bottom quintile (that is the bottom 20 per cent) of households grew faster than the top quintile. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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