Yellow Vests demonstrations, sparked by a tax hike in France have exposed long simmering anger over rising inequality and a government that doesn’t seem to care. France has been experiencing rising inequality for at least the last fifteen years.
While the people in France have seen hard times, people in the US have also been facing rising income and wealth inequality. In fact, according to the OECD, the Organization for Economic Cooperation and Development, the US is much worse than France.
The OECD has developed a measure of income inequality called the Gini coefficient. Of the 34 OECD member countries, the United States has the fourth highest Gini coefficient behind Italy, Turkey and Mexico. France is number 22 on the list.
So in France, where income inequality is lower than the US, people are taking to the streets and demanding better, demanding more, and winning concessions. In the United States where inequality is even worse, what might happen?