Income inequality is a growing concern from "summary" of The Economic Naturalist by Robert H. Frank
There is a growing unease among many people about the increasingly uneven distribution of income. The gap between the wealthy few and the struggling many seems to have widened in recent years. This trend is particularly troubling because it not only affects economic outcomes but also has significant social and political implications. One reason why income inequality is a growing concern is that it can lead to social unrest. When a small segment of the population enjoys a disproportionate share of wealth, it can breed resentment among those who feel left behind. This can create tension and division within society, eroding social cohesion and trust. Moreover, income inequality can exacerbate existing disparities in access to opportunities. Those at the bottom of the income distribution may face barriers to education, healthcare, and other essential services, which can further entren...
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