income and wealth gaps

“We are now seeing conflicts between populists of the left and populists of the right increasing around the world in much the same way as they did in the 1930s when the income and wealth gaps were comparably large.”…/

A detailed agenda for change was published this year by the Aspen Institute’s Economic Strategy Group, which includes 60 prominent business leaders, policymakers and economists. The group’s report described “rising frustration with American politics, a populist backlash [and] social fragmentation.” To respond, it offered practical plans for reform, such as a “Higher Wages Tax Credit” that would help employers offset the cost of raising minimum wages.…/expanding-economic…/

The loudest reform call yet from inside the system came this week from the Business Roundtable, which represents the chief executives of 192 of the nation’s largest companies. Most of its members signed a statement declaring that making profits for shareholders isn’t a corporation’s sole responsibility. Instead, companies have a broader mission to serve customers, employees, suppliers and communities, too, the statement said.

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