Income inequality is gutting the middle class ...Middle East

The Hill - News

I care about economic inequality. I teach a class on it. I wrote a book about it. Yet, recently, two different arguments have popped up with a seemingly similar conclusion: economic inequality hasn’t risen as much as conventional wisdom would suggest. While these two arguments have the same implication, they look at vastly different ends of the income distribution. The first focuses on the bottom 20 percent of households by income and suggests an actual reduction in inequality. The point is that through increased government transfers, the bottom has actually caught up to the middle over the last 40 years. The second argument focuses on the top 1 percent of the income distribution.

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Last updated : 21 March 2024 clock 03:40 PM

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Income inequality is gutting the middle class ...Middle East

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