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After Piketty book launch event slides

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Torsten Bell's slides.

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After Piketty book launch event slides

  1. 1. After Piketty:Tackling 21st century inequality at home and abroad Heather Boushey, co-editor of After Piketty Martin Sandbu, EconomicsCommentator, FinancialTimes Ed Miliband MP, Former Leader of the Labour Party Torsten Bell, Director, Resolution Foundation June 2017 @resfoundation #AfterPiketty 1
  2. 2. PIKETTY GOT SOME BIG THINGS RIGHT… 2
  3. 3. 1. Wealth is huge… 3
  4. 4. 2. Wealth is huge, unequal… 4
  5. 5. 3. Wealth is huge, unequal and good at protecting itself 5
  6. 6. BUT “CAPITAL” DOESN’T EXPLAIN EVERYTHING… 6
  7. 7. 1. Rates of return have complicated effects on wealth 7
  8. 8. 2. Income at the top (and it’s growth) is still almost entirely derived from employment 8 And since the late 1970s, 92% of the growth in average gross income in the top 10 per cent is accounted for by labour income
  9. 9. 3. Although the labour share is falling elsewhere, it’s remained high in the UK 9
  10. 10. After Piketty: Tackling 21st century inequality at home and abroad Heather Boushey, co-editor of After Piketty Martin Sandbu, EconomicsCommentator, FinancialTimes Ed Miliband MP, Former Leader of the Labour Party Torsten Bell, Director, Resolution Foundation June 2017 @resfoundation #AfterPiketty 10

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