Series: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization

Inequality of income and wealth has skyrocketed since the 1970s. As the super-rich have grasped the vast majority of the gains from economic growth, labour's share of income has declined. The middle class has stagnated and those at the bottom have become even worse off. Persistent structural discrimination on the basis of race and gender exacerbates these economic disparities. The...