Income Inequality

Global Inequality in Well‐​Being Has Decreased across Many Dimensions

from CATO Institute,

Given the increasing level of attention that income inequality concerns have received in recent years, addressing public misapprehensions about the state of global inequality is an urgent matter. Public focus on inequality not only suggests widespread ignorance of the downward trend in global inequality, it can also be harmful because absolute rather than relative measures of progress remain the best standard by which to judge the success of different institutions and policies.

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