A new study by the Harvard Business School argues that America’s wealth gap is ‘unsustainable’ and U.S. living standards must be lifted so that both businesses and workers can succeed. The study was based on a survey of over 1,900 of Harvard Business School alumni from around the world
Titled An Economy Doing Half Its Job, the study focuses on the troubling historical economic departure from American companies and workers thriving together as they did after World War II, or suffering together as they did during the Great Depression. Instead, the study points out, the gap between the rich and poor is widening as large and mid-size companies and highly skilled individuals have recovered and are prospering after the Great Recession, while middle and working class workers and small businesses are struggling. The study argues that “such a divergence is unsustainable” and challenges business leaders to find ways to both profit and lift up the living standards of workers.
This new report joins a growing number of studies about the lingering effects of the Great Recession on America’s workers and the growing gap between the rich and poor.