Analysis
Tackling Inequality
Feb 14, 2022
Leading experts, Paul Johnson and Nobel laureate Sir Angus Deaton, discuss the findings of their major study on inequality. They explore the impact of the pandemic, stagnant wages, declining life expectancy, and the unequal distribution of economic growth. The podcast also explores the interventions made by the state to address inequality, the challenges of taxing wealth effectively, resistance to change in the UK political system, and government actions to reduce inequality.
28:45
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Quick takeaways
- Growing inequality is leading to financial disparities and unequal distribution of health and shorter lifespans among certain groups.
- Addressing inequality requires early intervention, support for families and education, fair taxation, and preventing concentrated wealth.
Deep dives
Growing inequality and its impact on society
The podcast explores the growing inequality within society, with a small group at the top benefiting greatly while the majority face shrinking incomes. This inequality is not only reflected in financial disparities but also in the unequal distribution of health and shorter average lifespans among certain groups. It highlights that the pattern of each generation gaining better living standards than the previous one has eroded, particularly in the US. The divide between those with a college degree and those without in terms of wages, benefits, and life expectancy is widening, creating a social class system that is concerning and intolerable.
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