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Chief Economic Advisor (CEA) V Anantha Nageswaran considers absolute poverty a more direct and pressing concern for India. He argues that inequality is a relative concept. Simultaneously, with formerly economically deprived sections joining the ranks of the middle class, policy attention needs to extend beyond 'roti, kapda, makaan' to keep the growth engine up and running.
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I'll give trump credit for elevating this. lots of people in places have been left behind by globalization. they've been on the wrong side of the inequality debate. the problem is that i can't link up any of the policies that i hear coming out, starting to come out of the trump administration with any of those problems. >> where is the data, then, jim, as you look at this? as jared was saying, most of the data, if not all the data, is very positive. yet there are these groups not being addressed, a wealth gap if you will. where is that data? >> listen, i think you have a portion of the public ...
>> i'm not sure inequality per se but the question of economic mobility is more potent and focus as "new york times" reported on minimum wage. that's a very popular issue. democrats have a problem, their base, younger voters, minority voters don't turn out in midterm elections. the question is can they use this to try to rally people. minimum wage is a good issue. inequality debate will be fascinating one. we don't know what the republican response will be. i think what we'll see is new republican focus on single parents, general conservative response. not a problem of inequality, people with ...
solutions, many of them, lie with congress. but there are causes and there are many of them. a simple answer would be the cleanest, the most convenient, out of control deficits or stimulus. it's barack obama or george w. bush, but it's not that simple, not that satisfying. one cause however does stand out amongst many. cheap and ample credit. for years the ability of almost every working american to access more credit than they should have been able to, masked the underlying fact that lower and middle class incomes were not rising. people felt and in many cases actually were wealthie...