Many policymakers say minimum wage hikes are crucial to reducing inequality. They look at Latin America and see abundant evidence, including the fact that in various countries large minimum wage increases during the commodity boom of the 2000s coincided with large inequality declines. There is certainly some truth to the idea. Minimum wage increases during times of strong … [Read more...] about Minimum Wages and the Fight Against Inequality
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Latin America: The Story Behind Falling Inequality
In the early 1800s, the Prussian scientist and explorer Alexander von Humboldt wandered the streets of Latin America and wrote of his astonishment at the misery and wealth; the "nakedness" and the “luxury", the "immense inequality of fortune." Today, that image of inequality endures. The region, along with Sub-Saharan Africa, is the most unequal in the world. But things are … [Read more...] about Latin America: The Story Behind Falling Inequality