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2 Paying Attention to Disparities
Pages 5-10

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From page 5...
... The OECD, for example, has been documenting that higher levels of inequality prevent people in the bottom of the income distribution from making the investments in human capital needed to provide countries with a growing skilled labor force. This lack of investment in human capital can limit the economic growth of countries and the employment prospects of 1  Spriggs also served as the assistant secretary for policy in the U.S.
From page 6...
... Furthermore, most of the people whose income stays the same tend to buy the same things from one year to the next, which also limits economic growth because the potential customer base is not expanding. From the end of World War II until 1979, incomes in the United States grew at all income levels, which provided many new customers buying new things.
From page 7...
... USING DISPARITIES TO ANALYZE PUBLIC POLICIES In general, paying attention to disparities is a powerful way of understanding current realities and the effects of public policies, Spriggs pointed out. For example, some have argued that the privatization of Social Security would benefit African Americans because higher death rates in that community mean that fewer African Americans receive retirement ben
From page 8...
... Furthermore, without time off, seeing physicians can be more difficult, and workers who do not know their work schedules in advance have additional complications in making health care appointments. Workers who do not have regularly scheduled meals because of their jobs or because they work night shifts can have trouble sticking to a medicine that is designed for a more regular life.
From page 9...
... He also advocated public policies that can reduce the ruinous competition among states for jobs, which forces employers to reduce wages and benefits. In addition, businesses need to take longer-term perspectives than the price of the next quarter's stock shares, he said.


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