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1.84 MB
Extraction Summary
1
People
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Organizations
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Locations
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Events
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Relationships
3
Quotes
Document Information
Type:
Economic research report
File Size:
1.84 MB
Summary
This document is page 3 of a Standard & Poor's economic research report dated August 5, 2014, discussing the negative impact of income inequality on U.S. GDP growth. It cites Keynesian economic theory and analyzes potential GDP gains from increasing education levels in the workforce. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Keynes | Economist |
Cited for showing that income inequality can lead affluent households to increase savings and decrease consumption.
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Organizations (2)
| Name | Type | Context |
|---|---|---|
| Standard & Poor's |
Publisher of the report (indicated by URL in footer)
|
|
| House Oversight Committee |
Document produced for oversight investigation (indicated by Bates stamp)
|
Timeline (1 events)
Locations (1)
| Location | Context |
|---|---|
|
Subject of the economic analysis
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Key Quotes (3)
"How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide"Source
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Quote #1
"Higher levels of income inequality increase political pressures, discouraging trade, investment, and hiring."Source
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Quote #2
"Our review of the data... leads us to conclude that the current level of income inequality in the U.S. is dampening GDP growth"Source
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Quote #3
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