While there are many ways to measure economic inequality, key metrics consistently show that disparities are getting worse.
According to a recent United Nations report, 71% of the world’s population now live in countries where inequality has increased.
Unsurprisingly, this includes India and China. A recent paper by Thomas Piketty and his co-authors shows that the income share of the top 1% in India has risen to its highest level since 1922, the earliest data that they have, when the country was still under British colonial rule.
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