Concern about an increasingly imbalanced world economy is being raised at the IMF Spring Meetings in Washington.
Income inequality in industrialised countries is now at its highest level in 50 years, according to the OECD.
The average pay of the top ten percent of earners is now almost ten times that of the poorest 10 percent across the OECD.
Angel Gurria, the OECD’s Secretary General, told euronews:
“Yes, there is a sense of urgency, yes there is a sense of the need to address the issues. And more and more there is a shared conviction that these are economically inconvenient and politically unsustainable issues, and therefore they have to be addressed.”
Experts say the financial crisis has only added urgency to the need to address the issue by promoting better education and training possibilities.