The Great Income Stagnation
Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of households in the advanced economies. Less noticed – but just as corrosive – is inequality between generations, a result of falling or stagnating incomes for the majority of households.
BERKELEY – Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of households in the United States and other advanced economies. Less noticed – but just as corrosive – is the trend of falling or stagnating incomes for the majority of households.