The Audio Investing Podcast Podcast
The Audio Investing Podcast
Rodrigo Valverde
How to solve income inequality - episode of The Audio Investing Podcast podcast

How to solve income inequality

1 hour 8 minutes Posted Sep 26, 2020 at 3:19 pm.
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Show notes

Today Pedram is back on the show to discuss some ideas on how to tackle this fundamental issue.  Over the course of the last generation more than a billion people left the most destitute living conditions behind, with the number of people living in extreme poverty being reduced from 1.9 billion in 1990 to about 650 million in 2018. Whats more, according to projections from the World Data Lab, the number of people living in extreme poverty is expected to decline. However, we are going through a period of stagnation, where the number of people living in extreme poverty doesn't change much, with projections predicting that 500 million will remain in the same condition by 2030. 

We discuss about the tradeoff between equity and equality, where equity is the equal access to opportunity and equality is the 'fair' distribution of income. We also talk about how education is a key tool to lift people out of poverty, and also, what educational systems can do to improve regarding inequality. 

All this and more in today's episode!