The accelerated trends in economic inequality have several implications. Firstly, it leads to a wider wealth gap between the rich and the poor. This can result in social unrest and increased poverty rates. Secondly, it can lead to a decrease in overall economic growth as the purchasing power of the lower-income groups is reduced. Lastly, it can lead to political instability as the inequality can cause dissatisfaction among the population.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
View summary