Inequality bad for economy

Chris Papadopoullos
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ECONOMIC growth is being held back by a rising gap between the rich and poor, the Organisation for Economic Cooperation and Development (OECD), a group of mostly rich countries, said yesterday.

The richest 10 per cent of the population earn 9.6 times the income of the poorest 10 per cent. The OECD believes this is bad for growth as there a bigger gap in education in more unequal countries, which leads to a less effective workforce.

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