Three Connections between Rising Economic Inequality and the Rise of Populism

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In 1820, the ratio of the world's population to the lowest 20% was 3: 1. By 1991, it was 86. In the research of the Organization for Economic Cooperation and Development (OECD) in 2011, entitled "How to Distinguish Our Perspective: Why the Inequality Is Increasing?", By investigating the economic inequality of the OECD countries, I am trying to explain. The following factors are working: Pairmate refers to the phenomenon that people marry people with similar backgrounds, such as doctors and doctors, not nurses. The OECD concluded that while 40% of the couples working with the two partners belonged to one tenth of the same or adjacent income, 33% about 20 years ago belonged to it I discovered.

The intensification of inequality has become a decisive feature of the US economy over the past three to five years. The direct way of increasing inequality is that despite economic growth and productivity, wage growth every hour in the last few decades is slow. For example, if wages of all workers are consistent with productivity, like 30 years after World War II, Americans with today's income of about $ 50,000 will approach $ 75,000. The disproportionate share of economic benefits due to increased productivity will reach the top 1% and corporate profits, not normal workers. They are more productive than ever and are educated. The main reason for this increase in inequality is that big companies and wealthy people have rewritten economic rules to benefit them. This brings the benefits of productivity improvement to most families from a "step-by-step reduction".

Inequality of income and wealth is considered a big problem in today's world. It is believed to have brought strong opposition to the increasing populism among globalization and voters from Western countries. The World Economic Forum considers that expansion of inequality is a major threat to the world economy. In Singapore, Lee Kuan Yew public policy graduate Donald Low and Yeoh Lam Keong are drawing increasingly inequitable attention. Of course, some opposition leaders also called for more aggressive measures to deal with inequality.