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Income Inequality, Robots and a Path to a Fairer Society

March 11, 2017View for printing

Earlier this year, Oxfam reported that the world's eight richest people control roughly the same amount of wealth as the bottom half of the world's population. Around the same time, the World Economic Forum identified income inequality as the most challenging problem the world faces today.

It is an issue that has been discussed for decades, but in the wake of political upheaval in the U.S. and Europe from voters hurt by globalization, there is more intense interest in creating a less polarized distribution.

In this interview, Nobel Laureate Robert Shiller of Yale and Wharton finance professor Jeremy Siegel discuss how the income distribution gap became so wide, and they offer possible solutions.

Shiller also notes that one of the big challenges to future income levels may be artificial intelligence and robots, and he suggests some ideas on how to prepare for that eventuality.

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