Endless stagnation of low-income wages: a growing concern
In Short
Middle-class wages have stagnated for decades, while the incomes and wealth of the elite have continued to rise.
A Few Details
Inequality has been increasing since the 1970s. In the years ahead, low-income workers may encounter further difficulties due to intensifying international competition, the rise of robotics, and the emergence of AI (artificial intelligence). This trend is unsustainable.
Governments face a significant challenge: imposing additional carbon regulations that worsen inequalities could lead to electoral backlash. As of now, they have not yet identified a solution that accelerates the green transition without exacerbating existing disparities.
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