Global income inequality has worsened over the past four decades, a report finds, with the wealthiest 1% of the world's population capturing twice as much income growth as the bottom half.
The world's middle class, made up mostly of people in North America and Europe, has by some measures fared the worst. Globalization has boosted incomes for hundreds of millions of people in developing countries, particularly China and India. And it has lowered pay for manufacturing workers and other middle-income employees in the developed world.
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