The links between inequality, deflation and the unemployed
Central banks should not interpret rising wages for selected sectors as inflationary in the "third industrial revolution".
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THERE is a rising differential between the rich and poor globally today.
The phenomenon is a direct result of two things: quantitative easing, and the displacement of human workers by machines.
The first of these two phenomena (quantitative easing) pushes up asset prices, resulting in increased wealth for those who own assets such as property, stocks and bonds.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
