What’s Behind the Rise in Income Inequality? Technology or Class Struggle?
The following article has been reprinted from Counterpunch. The author, Matt Vidal is Senior Lecturer in Work and Organizations at King’s College London, Department of Management. He is editor-in-chief of Work in Progress, a public sociology blog of American Sociological Association, where this article first ran. You can follow Matt on Twitter @ChukkerV.
The author's conclusions are similar to my own when I looked at the course of the growth of inequality in New Zealand over the last few decades.
The issues he discusses are also relevant to the discussion planned to the Future of Work Conference being hosted by the Labour Party this week.
Mike Treen (Unite Union National Director)
By Matt Vidal
Over the past three decades, income inequality has risen in most of the 34 member countries of the Organization for Economic Cooperation and Development. A recent analysis of 22 OECD countries from 1985 to 2013 found that inequality increased in 17 of them (including the US, UK, Canada and Germany), underwent little change in four (Belgium, Netherlands, France, Greece) and declined in only one (Turkey). Over the same period, in the 17 richest countries GDP growth primarily benefitted the top 10% of the population, with the bottom 40% receiving little from a quarter century of growth.