How Wealth Inequality Affects The Economy

With symptoms becoming increasingly obvious, Gary elaborates on how the key problem of Wealth Inequality affects the Economy:

Low Wages, High Asset Prices, No Social Mobility, No Financial Stability, Economic Concentration, Geographic Concentration, High Rents & Austerity


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Performed by Gary Stevenson
GARYSECONOMICS


Produced by Simran Mohan
MOHAN MEDIA


TIMESTAMPS
00:00 Introduction
01:09 Equal vs. Unequal
02:44 The UK
03:42 Economic Effects
04:50 Rich vs Poor Spending
05:45 Consumption
06:39 Modern Economies
07:43 Low Wages (#1)
08:51 High Asset Prices (#2)
10:32 No Social Mobility (#3)
11:30 No Financial Security (#4)
12:23 Economic Concentration (#5)
14:02 Luxury Spending
15:00 Geographic Concentration (#6)
16:31 Poor Follow Rich
18:38 Expensive Rents (#7)
20:00 Cash Flows
21:45 Austerity (#8)
22:17 Recap