In It Together: Why Less Inequality Benefits All

In OECD countries, the gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This report highlights the key areas where inequalities are created and where new policies are required, including: the consequences of current consolidation policies; structural labour market changes with rising non-standard work and job polarisation; persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies.

Key Findings:

  • Income inequality increased in good times and in bad times
  • Higher inequality drags down economic growth and harms opportunities
  • Rising non-standard work can create job opportunities but also contributes to higher inequality 
  • More women in the workforce lowers inequality
  • High wealth concentration limits investment opportunities
  • Designing policy packages to tackle high inequality and promote opportunities for all