OPINION

Time to lay inequality debate to rest

News, Jason Furman, Published on 22/01/2018

» The belief that inequality hurts economic growth is gaining currency among policymakers. Some argue forcefully that high levels of inequality can make sustained growth impossible, and may even contribute to recessions. This view stands in stark contrast to the traditional view that there is a trade-off between equality and growth, and that greater inequality is a price that must be paid for higher output.