Financial expansion fuels greater income inequality, mainly because: People with higher income benefit more than poorer ones from credit-financed investment opportunities and the sector pays high wages, which are above what employees with similar profiles earn in the rest of the economy. This premium is particularly large for top-income earners” [**] / OECD Report
Of course, central banks are not charged with the task of addressing inequalities in the distribution of wealth, income or consumption – nor are they dealing with the broader challenge of promoting economic justice for society as a whole.[**]
The gap between the very richest and the rest of us has increased continuously over the last thirty years.