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Dr. Fishopolis posted:Does someone really have to prove that increasing wages for the class with the least disposable income boosts the economy? Do we have to post a study to support a claim that cats are sometimes, but not always fluffy? Well, yes, but the IMF seems to have you covered. "First, we show why policymakers need to focus on the poor and the middle class. Earlier IMF work has shown that income inequality matters for growth and its sustainability. Our analysis suggests that the income distribution itself matters for growth as well. Specifically, if the income share of the top 20 percent (the rich) increases, then GDP growth actually declines over the medium term, suggesting that the benefits do not trickle down. In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth. The poor and the middle class matter the most for growth via a number of interrelated economic, social, and political channels." https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf
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Jun 24, 2015 17:45
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| # ¿ May 16, 2024 07:53 |
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