Inequality is bad for business - a progressive agenda for equality
Economy Allowing income gaps to grow has been detrimental to economic stability in many countries and produced a breeding ground for populism and protectionism. This is a warning bell for all of us who defend openness, international trade and a sound market economy. Inequality is bad for business and sooner or later it leads to mistrust and political upheaval. This is the message of a new LO report presented at the World Economic Forum in Davos, in January 2017.
In many countries working men and women have been forced to stand back and see a deterioration in their living standards. This is detrimental to economic development and stability. The labour movement has always warned against this. We know that an even distribution of resources is vital for sustainable growth.