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In OECD countries, people in the top 10 percent of the income distribution earn around 10 times more than people in the bottom 10 percent – up from seven times more nearly 30 years ago. In 2012, among the 18 OECD countries with comparable data, the top 10 percent accounted for 50 percent of total household wealth, while the bottom 40 percent accounted for only 3 percent. In a range of OECD countries, rising inequality knocked 6-10 percentage points off overall GDP between 1990 and 2010 . When the poorest people are unable to fulfill their potential, economic growth suffers.A survey of OECD countries shows that half the total population lives in cities of more than 500,000 inhabitants, and that cities have accounted for 60 percent of total growth of employment and GDP since 2001 .However, this growth has not been inclusive: Income inequality in cities is higher than the national average in all OECD countries surveyed, except Canada. In the United States, 95 of the 100 largest metropolitan areas added jobs and increased their economic output in the five years following the Great Recession, but only 20 experienced median-wage growth.
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