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The information age, family breakdown and globalization have widened income gaps.
The Bush tax cuts widened income inequality and drove deficits to record levels.
Occupy Wall Street arises from a similar situation, when technology-driven deflation has widened income gaps and produced a stratum of economic losers.
But in the process of introducing market forces in China, such changes have starkly widened income disparities, and Mr. Xi has said that the party must defuse widespread public dissatisfaction with poor public services and, above all, corruption.
As Clinton points out in his speeches, Bush and the Republicans abandoned balanced budgets to fight the war in Iraq, widened income inequality by cutting taxes on the wealthy and scaled back social programs.
This differentiated growth performance, as a consequence, has widened income and inequality gap between the two regions (Hang Chuon 2011).
Similar(53)
Stop the widening income gap.
That further widens income differences.
Specifically, he pointed to widening income disparity and corruption.
Nor are financial crises always preceded by widening income gaps.
But widening income gaps threaten to harm future social mobility.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com