Responding to Economic Inequality by Creating More and Equal Opportunity

Economic inequality is increasing in the U.S., and reversing the trend requires revamped government policies along with the cooperation of businesses.
By Sharon Ross

Economic inequality is a broad term that includes income inequality and wealth inequality. Another way to define economic inequality is the unequal distribution of income and opportunity among different groups of society.

When it is looked at in terms of opportunity, economic inequality is an expanded concept because it considers the fact that some people may not be considered when only considering income and wealth. For example, people with disabilities and people from underserved communities have less opportunity or must make trade-off decisions that others do not have to make – like work or stay home because child care is too expensive or being unable to work due to lack of accessibility to devices or buildings.

The Committee for Economic Development (CED) developed an...

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