Prosperity gap Quotes

The trouble is that rich people, well-to-do people, very often don't really know who the poor are; and that is why we can forgive them, for knowledge can only lead to love, and love to service. And so, if they are not touched by them, it's because they do not know them

As Washington prospers, workers suffer.

While we have created prosperity for many, too many are being left behind.

There's always a mismatch. I mean, you know, as the economy evolves, it reallocates resources. Now, the real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people. If you go to 1982, when Forbes put on their first 400 list, those people had $93 billion. They now they have $2.4 trillion, 25 for one. That is - this has been a prosperity that's been disproportionately rewarding to the people on top.

Los Angeles cannot permanently exist as two cities—one amazingly prosperous, the other increasingly poorer in substance and in hope.... This city, like the nation, is living with an increasing polarization of incomes. A rising tide no longer lifts all boats.

Where do people earn the Per Capita Income? More than one poor starving soul would like to know. In our countries, numbers live better than people. How many people prosper in times of prosperity? How many people find their lives developed by development?

Workers are baking the pie of prosperity, but they're not sharing in those dividends. That's unfair.

We became enthralled with the view that wealth trickled down from the top and that if you poured money into rich people, sort of like an ingredient, prosperity and jobs would squirt out of them like donuts. And if you understand economies in the 19th-century way, that view is plausible, and I think a lot of people accepted it.

One of the great drivers of the alienation that has made Donald Trump possible is that the growth in the American economy has been weak. In the decade from 2005 to 2015, there was not one year when the US hit three per cent growth. And to the extent there's been growth, virtually all of it has been collected by the top 10 per cent of the population. Obviously, if we knew how to make growth faster, we would. We don't. And it's very difficult to make growth more broadly shared. Because it's not just the US that has this problem.

We don't need to solve the problem of the rich-poor gap. We need to solve the problem of common prosperity.

Some people, such as the unemployed coal miners and steelworkers of the Rust Belt, have been left behind by growing prosperity.

For the past 20 years, the PAP has had a strong monopoly. However, prosperity has not flowed to all Singaporeans.

It is obviously easier, for the short run, to draw cheap labor from adjacent pools of poverty...than to find it among one's own people. And to the millions of such prospective immigrants from poverty to prosperity, there is, rightly or wrongly, no place that looks more attractive than the United States. Given its head, and subject to no restrictions, this pressure will find its termination only when the levels of overpopulation and poverty in the United States are equal to those of the countries from which these people are now so anxious to escape.

If the countries of Europe and of North America can be almost uniformly prosperous, we don't see why we cannot be allowed to be a little prosperous.

The difficulty in a number of Western democracies is that the playing field is being tilted. For many in the middle class, prosperity seems unattainable because a good education - today's passport to riches - is unaffordable.