Risk Managers Are Worried About Inequality

October 23, 2014
Posted by Jay Livingston

Who’s worrying about inequality? It’s not just the scraggly bunch that occupied Zucotti Park, and not just the lefty economists and sociologists hefting a copy of Capital in the Twenty-First Century. Professional Risk Managers’ International Association surveyed risk managers, and they too are uneasy about inequality.

The majority (62%) said that inequality poses a risk to the economy. Only 14% were like “What, me worry?”

I’m not sure what risk managers do, but I’m guessing  the profession does not draw many  socialists to its ranks. When you see this kind of concern coming from sources other than the usual suspects (I found this graph in a Wall Street Journal banking page – here), you begin to think that the wealth gap is more than just a moral issue about what is right and fair; it’s a threat to general economic well-being.