Volta

Fair Wages and a Decent Living: Paths to Greater Vertical Equality

Since the 1980s much of the world has experienced sharp and steadily rising economic inequality (Berg 2015, 3). The cause of economic inequality’s ascendance is not a mystery. Rising inequality is a result of specific policies that enable top income earners and the wealthy to capture greater and greater shares of income and wealth (Atkinson 2015, 76; Chancel, Hough and Voituriez 2018, 8). Inequality enhancing policies include regressive income, inheritance and capital gains taxes that effectively help high income and wealthy individuals and families to preserve and build their high incomes and wealth. Rising inequality also results from policies to prevent lower wealth and income individuals and families from claiming a greater portion of income, wealth and power. These inequality …

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