Causes Quote by Kenneth Rogoff
“Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.”
About This Quote
Source Speech: Remarks at IMF/World Bank Meeting, 2015
If workers' wages don't keep up with economic growth, inequality may spark global social unrest.
In simple terms: Unequal growth can cause tension.
Key Takeaway
Address wage growth to prevent unrest.
Themes
economics
inequality
social tension
labor markets
Mood
concerned
analytical
Type
policy
economic
social
When to use this quote
- policy making
- corporate wage setting
- union negotiations
- public protests
Key Concepts
distributional economics
political economy
social stability
Questions to Reflect On
- How can wage policies adapt to varied growth rates?
- What mechanisms can mitigate tension without harming growth?
A Different Perspective
Assumes growth is evenly measured; ignores regional differences.
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