Global Watchdog Warns on Economic Cost of Rising Inequality

May 21, 2015 9:03 AM

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The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric — it's also dramatically holding back economic growth, according to a study by the Organization for Economic Cooperation and Development.

Far from a rising tide lifting all ships, the report released Thursday finds that income inequality rises in good economic times as well as bad. The OECD says that raises social and political questions in addition to economic ones.

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