We have a winner! wrote:
I can’t think of anyone more deserving. Congratulations!
Ghost of Igloi wrote:
^Igy obsession award
seattle prattle wrote:
In the past a few times I've referred to good economic work that shows that when measured correctly (or at least differently), inequality has not been growing.
The work is making its way slowly to the forefront - this week's Economist made it their cover story. Worth a read.
There is no mathematically clear answer since so much of this is unmeasurable in a vast economy, but I think much of it is very compelling.
I do think the description of inequality as vast and growing is mistaken, and I do believe very, very strongly, that the 'middle class wage/living standards have stagnated for decades' description cannot be taken seriously.
Paywalled, of course.
A good read. But I would like to read the rebuttal from reliable sources. Thanks for posting the informative article.
the piece does go through some of the disagreements one by one.
But the Economist did leave out some key elements like the aging of the population/much longer lives. And it only touched lightly on the shrinking family size issue. Both of those argue for the 'inequality is overhyped' thesis.
Uncle B wrote:
You think Trump is thin-skinned?