Capitalists for Inclusive Growth
The need for inclusive economic growth that can create good jobs and combat rising levels of income inequality has never been more urgent. But today’s debates about how to achieve such growth are too narrowly focused on the role of governments and policymakers, thus neglecting the private sector's role.
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LONDON – In 2012, the Pew Research Center found that 85% of self-described middle-class adults in the United States believe that it is more difficult now than it was a decade ago for people like them to maintain their standard of living. The share of Americans who say that they are in the lower-middle or lower class has risen from a quarter of the adult population in 2008 to around a third today. And Pew’s research found that only 63% of those surveyed believe that hard work leads to success, down from 74% in 1999.