Poverty, Income Inequality and Economic Growth - Economics Help
https://www.economicshelp.org/macroeconomics/inequality/poverty-inequality-economic-growth/
Economic growth will reduce income inequality if: Wages of the lowest paid rise faster than the average wage. Government benefits, such as; unemployment benefits, sickness benefits and pensions are increased in line with average wages. Economic growth creates job opportunities which reduce the level of unemployment. ... Minimum wages are increased in line with average earnings. Progressive taxes redistribute income. ...
Wages of the lowest paid rise faster than the average wage.
Government benefits, such as; unemployment benefits, sickness benefits and pensions are increased in line with average wages.
Economic growth creates job opportunities which reduce the level of unemployment. ...
Minimum wages are increased in line with average earnings.
Progressive taxes redistribute income. ...
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