Know It Now: Rising Inequality Is Causing Major Problems
In 1965, CEOs of American companies earned, on average, twenty times more than their typical employee. By 2020, that ratio had soared to 351 to 1. This growing divide is one indicator of economic inequality, an issue that affects the United States more than almost any other developed country in the world. But the United States is hardly alone. More than 70 percent of the world’s population lives in countries where economic inequality has widened since 1990.
Learn what economic inequality is, why too much of it is bad, and what governments can do to mitigate it in our new lesson: https://world101.cfr.org/global-era-i...
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