David Korten Quotes
My own experience in the third world was that even if people started to make more money, the cost of living and housing increased often faster than the wages.
Topics
Economic Development
Experience
Inequality
Poverty
Quality Of Life
Standard Of Living
Third World
Affordable Housing
Cost of Living
Economic Disparity, Income Divide, Income Equality, Income Inequality
Economic Security, Economic Insecurity, Financial Security, Financial Insecurity
Money
Cost Inflation
Economic Inequality
Housing Costs
Income Disparity
Poverty Trap
Wage Gap
Wage Stagnation
Wealth Distribution
Related Quotes
The working and middle class wages and other income had been static for over 20 years while the wealthy had theirs increase several fold. The “rising tide” only lifted the largest boats.
David C. Korten (born 1937) is an American author, former professor of the Harvard Business School, political activist, prominent critic of corporate globalization, and "by training and inclination a student of psychology and behavioral systems". His best-known publication is When Corporations Rule the World (1995 and 2001). In 2011, he was named an Utne Reader visionary.