Maggie Chamberlain, Epilogue, Question 6

The part that I found most interesting in this chapter was the problem of how to combat poverty. In countries that are more protective of their workers, like France and Sweden, the working class gets generous benefits mandated by law and health care by birthright. Overall, this makes income inequality lower, but this systems also has downsides. It leads to higher unemployment and a slower rate of innovation and job creation. If you spend so much money supporting your workers, businesses are going to have to start laying certain workers off because it will get to expensive to support so many employees. It's a hard trade-off choosing between lower income inequality and higher employment. There really is no single correct way to go about solving this tricky problem.