Income inequality affecting the masses, expected to continue

Income inequality affecting the masses, expected to continue

Income inequality continues to increase, hitting the young with low skills the hardest. In the UK, 60% of the population has seen a stagnation or decrease in their disposable income. In the US, those below 30 with low levels of education are 15% worse off in 2012 than in 2002. Continued low growth, as well as the possible acceleration of automation and digitalisation, is likely to exuberate the situation, with the income of up to 80% of the workforce stagnant or declining to 2025.

Income inequality has become an issue for a range of stakeholders, forming a political flashpoint, […]

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