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There has been a lot of lip service paid lately to income inequality in the United States, especially with respect to the earnings increase of the top 1% of wag
by dollar 15y ago
There has been a lot of lip service paid lately to income inequality in the United States, especially with respect to the earnings increase of the top 1% of wage earners over the last 10-20 years. Looking at the time series of wage brackets does not tell the complete story, but it makes a great headline for people eager to promote wealth redistribution. In fact most wage earners have exceptionally high mobility in the United States, supporting evidence in this publication from the Evil Capitalist Fed.
- jellicle 15y ago> In fact most wage earners have exceptionally high mobility in the United States, supporting evidence in this publication from the Evil Capitalist Fed. That's false. The U.S. has considerably less income mobility than other industrialized nations: http://www.americanprogress.org/issues/2006/04/Hertz_MobilityAnalysis.pdf http://www.americanprogress.org/issues/2006/04/Hertz_Mobilit...