( Five minute read)
Income and wealth inequality has risen in many countries in recent decades.
Rising inequality and related disparities and anxieties have been stoking social discontent and are a major driver of the increased political polarization and populist nationalism that are so evident today.
An can weaken trust in public institutions and undermine democratic governance.
Mounting global disparities can imperil geopolitical stability.
Income inequality has worsened in recent decades—and is worsening today.
Now with Artificial Intelligence income convergence has and will continue to stall.
There is only one way to resolve the problem and that is a basic living wage.
The Russia Ukraine war shows that standing armies are out of date.
Instead of spending billions upon billions on out off date weapons of war replace social welfare payments with a living wage.
This would reduce inequality and restore dignity as they recipient would have to look after their own health and daily needs.
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