Mmastodon WorldEU Politics first seen 3 h ago, last 23 min ago, peak #1

Piketty outlines scenario of rising prosperity and falling inequality

Original: 🇪🇺 Piketty’s new global-economy scenario asks a radical question: can prosperity rise while inequality falls? Thomas Pik

Economist Thomas Piketty, with the Global Justice Project, has modelled a long-term global-economy scenario projecting convergence toward an average monthly income of about €5,000 per person worldwide by 2100, alongside shorter annual working hours. The scenario is framed as a radical proposition: that global prosperity can rise while inequality steadily falls, prompting debate about feasibility.

Why now: Piketty's provocative long-term income convergence model challenges conventional assumptions about growth and inequality, drawing attention in economic and EU policy circles.

Thomas PikettyGlobal Justice ProjectEuropean Union

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• 🇪🇺 Piketty’s new global-economy scenario asks a radical question: can prosperity rise while inequality falls? Thomas Piketty and the Global Justice Project model a 2100 scenario where average monthly income converges toward €5,000 per person worldwide, annual working hours fall… · EU_Economics · 5

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