Britain risks heading to US levels of inequality, warns top economist

Guardian:

Rising inequality in Britain risks putting the country on the same path as the US to become one of the most unequal nations on earth, according to a Nobel-prize winning economist.…

“There are things where Britain is still doing a lot better [than the US]. What we have to do is to make sure the UK is inoculated from some of the horrors that have happened in the US.”…

The US is ranked on some measures among the most unequal of major nations. Pay for non-college-educated men has not risen for five decades, while mortality for less-educated white men and women in middle age has led to average life expectancy to fall for the past three years, something that has not happened for a century.