La croissance profite aux pauvres

“The rich are getting richer, the poor are getting poorer.” Here is an oft-repeated assertion that serves as a ready-made conclusion for debates on various topics, from free trade to tax reductions. Indeed, one broadly held view is that economic growth does not benefit the poor. The revenue of the poor might not increase at all or not increase as fast as that of the rich, so that economic growth would create more inequality. What do the facts tell us?