Janet Yellen Brookings Institution/Flickr

Как ФРС только что уменьшила неравенство

НЬЮ-ЙОРК – Федеральная резервная система США наконец-то это сделала. Впервые за почти десятилетие повышена учётная ставка. Вопрос о влиянии этого решения на процентные спреды, рынок акций в развивающихся странах, спрос на жильё и многое другое является предметом широких дискуссий. Но пока рынки привыкают к менее удобной монетарной политике, следует сказать и о её важной позитивной стороне, которую большинство людей игнорирует.

Неравенство в доходах и богатстве в США неуклонно росло, с тех пор как в 2008 году разразился мировой финансовой кризис, однако нормализация монетарной политики может стать вехой, знаменующей начало конца этой тенденции. Более того, она должна ускорить обратный процесс.

Взгляните на несколько мрачных цифр статистики, отражающих нынешнее положение дел. Реальный (с поправкой на инфляцию) медианный доход домохозяйств в США сейчас такой же, как в 1979 году. В недавнем докладе Pew Research Center отмечается, что доходы американцев в 2014 году были на 4% меньше, чем в 2000 году, при этом впервые за более чем 40 лет американцы из среднего класса перестали быть большинством населения страны.

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