Tag Archives: income mobility

The Secular Nature of Inequality Growth

The OECD has just published a substantial report on inequality across its member countries (most of the world’s developed nations). To give you a taste of the topic, the OECD’s 2 minute introductary video is here:

Let me pull out some key charts and make some observations. First, aggregate income has been rising, but the elites have been harvesting the majority of the gains (click for larger image):

OECD Inequality jpegIf you were of libertarian disposition, you may look at this chart and say “so what? Everyone is growing richer, but some are just growing richer faster.” I would be very reluctant to adopt such a stance. Continue reading