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Rising Inequality Holding Back Economic Growth, Report Warns

The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric, it's also dramatically holding back economic growth, according to a new global study. Far from a rising tide lifting all ships, income inequality increases in good economic times as well as bad, Thursday's report from the Organization for Economic Cooperation and Development says. The OECD, a global watchdog, says that not only has social...

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