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15 January, 17:15

The basic economic argument for greater income equality is that:

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  1. 15 January, 19:34
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    The answer is that a more equal distribution of a given amount of income will increase the total utility of consumers. Income Inequality is common nowadays and is considered to be a market failure. Three causes of falling wages and the rise of income inequality is due to technology, trades and institutions. Large wages focuses on workers with high levels of education and skills.
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