Governments’ lack of response to rising inequality is not a problem of knowledge or public support. The problem is that those whose needs are being ignored must find a way to make themselves heard.
While government payments and programs go some way to reducing inequality, the transformation of the labour market and its institutions has cut workers’ share of the pie to historic lows.
This is the first article in a series, Reclaiming the Fair Go, to mark the awarding of the 2018 Sydney Peace Prize to Nobel laureate and economist Joseph Stiglitz.