Labour share of income (Part 4 – Does wage inequality matter?) Phuah Eng Chye (16 June 2018) It is widely recognised that “in advanced economies, the gap between the rich and poor is at its highest level in decades.” Hence, many regard “widening income inequality is the defining challenge of our time.”[1] Income inequality raises … “Labour share of income (Part 4 – Does wage inequality matter?)”
Tag: wage inequality
Labour share of income (Part 3 – Causes of wage inequality)
Labour share of income (Part 3 – Causes of wage inequality) Phuah Eng Chye (9 June 2018) Technological advances lead to significant changes in the organisation of work which changes the distribution of rewards. Karen Harris, Austin Kimson and Andrew Schwedel note the “tendency of displacement and long-term unemployment to erode earnings may cast a … “Labour share of income (Part 3 – Causes of wage inequality)”