Rising Inequality: A Major Issue of our Time
Over the past four decades, income inequality has risen in most advanced economies and major emerging economies, which together account for about two-thirds of the world’s population and 85 percent of global GDP. The increase has been particularly large in the United States, among advanced economies, and in China, India, and Russia, among major emerging economies. Zia Qureshi warns in this research report for the
Brookings Institution that artificial intelligence and related new waves of digital technologies and automation could increase inequality further within countries. Even as new technologies increase productivity and produce greater economic affluence, and new jobs and tasks emerge to replace those displaced, preventing large technological unemployment, inequality could reach much higher levels. Policymakers must pay more attention to the changing distributional dynamics in the digital age and harness the forces of change for more inclusive prosperity.
https://www.brookings.edu/research/rising-inequality-a-major-issue-of-our-time/
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