Inequality has broadened since the 1970s as economic growth has slowed and income gaps have widened. While the post-World War II period saw substantial shared prosperity, political views now differ on whether governments should focus on equality of opportunity or equality of outcomes. Some argue that the condition of one's birth does not determine life outcomes, but social mobility may be impacted by growing inequality.
Inequality has broadened since the 1970s as economic growth has slowed and income gaps have widened. While the post-World War II period saw substantial shared prosperity, political views now differ on whether governments should focus on equality of opportunity or equality of outcomes. Some argue that the condition of one's birth does not determine life outcomes, but social mobility may be impacted by growing inequality.
Inequality has broadened since the 1970s as economic growth has slowed and income gaps have widened. While the post-World War II period saw substantial shared prosperity, political views now differ on whether governments should focus on equality of opportunity or equality of outcomes. Some argue that the condition of one's birth does not determine life outcomes, but social mobility may be impacted by growing inequality.
end of World War II into the 1970s: substantial economic growth and broadly shared prosperity. 1970s onwards : economic growth slowed and the income gap widened Political dimension : neo-liberal, prevalent view : “equality of opportunity”… contrasts with social-democratic tradition in Europe : “equality of outcomes” • = determines to what extent political action is taken Social mobility 1. Inequality Paul Ryan, speaker of the House of Representatives : "in our country, the condition of your birth does not determine the outcome of your life." Sept. 2017 1. Inequality