Pay low-income families more to boost economic growth, says IMF

[rich]

can we come up with a better barometer than GDP to measure these things?

On Wed, Jun 17, 2015 at 9:40 AM, Monte Davis <montedavis49 at gmail.com> wrote:

> That's ridiculous. The top 20% can put additional income to work suborning
> journalists to anoint them as job creators..;. while the bottom 20% would
> just blow the money on food, housing, and doctors for the kids.
>
> On Wed, Jun 17, 2015 at 9:21 AM, David Morris <fqmorris at gmail.com> wrote:
>
>>
>> http://www.theguardian.com/business/2015/jun/15/focus-on-low-income-families-to-boost-economic-growth-says-imf-study
>>
>> The IMF report said the way income is distributed matters for growth. “If
>> the income share of the top 20% increases, then GDP growth actually
>> declines over the medium term, suggesting that the benefits do not trickle
>> down. In contrast, an increase in the income share of the bottom 20% is
>> associated with higher GDP growth,” said the report.
>>
>
>
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