OECD Report Cites Rising Income Inequality

Income inequality is increasing across much of the developed world, a trend that will continue unless governments move aggressively to arrest it, according to a report released Monday by the Organization for Economic Cooperation and Development. The widening gap between rich and poor is being driven in part by a growing disparity in wages, as skilled workers command a disproportionate share of the bounty made possible by technological progress, the report said.

Posted: Tue, 12/06/2011 - 12:38pm