🌍

How economic inequality harms societies | Richard Wilkinson

Sep 21, 2024

Wilkinson, R. (2010, October 20). Inequality and the social determinants of health. [Video file]. YouTube.

Lecture on Inequality and Social Issues

Overview

  • Topic: The impact of inequality on various societal issues.
  • Main Argument: Inequality is socially corrosive, and data supports this claim.
  • Evidence Source: Data from the UN and the World Bank.

Key Points

Paradox of Wealth and Life Expectancy

  • Global Observation: No relation between a country's wealth (GNI) and life expectancy.
  • Local Observation: Within societies, income correlates with health; higher income aligns with better health.

Income Inequality

  • Measure Used: Disparity between the top 20% and bottom 20% income earners.
  • Example: In more equal countries (e.g., Japan, Sweden), top earners make 3.5-4 times more than bottom earners, compared to twice that in less equal countries (e.g., USA, UK).

Social Problems and Inequality

  • Issues Studied: Life expectancy, literacy, infant mortality, crime, incarceration, teenage birth rates, trust, obesity, mental illness, social mobility.
  • Finding: More unequal societies do worse on these social problems.

Correlation with Social Dysfunction

  • Child Well-being: More unequal societies have worse outcomes in child well-being metrics.
  • Trust: Higher trust in more equal societies.
  • Mental Illness: Higher rates correlated with inequality.
  • Violence and Incarceration: More violence and higher incarceration rates in unequal societies.

Social Mobility

  • Comparison: Greater social mobility in more equal societies (e.g., Denmark vs. USA).

General Findings

  • Nordic Countries & Japan: Consistently do better on social metrics due to greater equality.
  • Equality Methods: Sweden uses redistribution, Japan has smaller initial income differences.

Social and Psychological Effects

  • Superiority and Inferiority: Inequality fosters feelings of superiority or inferiority.
  • Consumerism: Driven by status competition.
  • Stress Research: Social evaluative threat increases stress hormone levels.

Criticism and Counterarguments

  • Data Selection: Claims of bias are countered by strict data inclusion rules.
  • Robustness: Findings from 200 studies support the link between inequality and health.

Conclusion

  • Policy Implications: Suggests both pre-tax and post-tax adjustments to income.
  • Goal: Improve psychosocial well-being by narrowing income disparities.

Final Thoughts

  • Call to Action: Reducing income inequality can enhance the quality of human life.
  • Excitement for Change: The potential of societal improvement through equality is promising.