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Saturday, March 08, 2014

A Top-Heavy Focus on Income Inequality?

This was *not* my favorite article of the day:

A Top-Heavy Focus on Income Inequality, by Sendhil Mullainathan, Commentary, NY Times: I worry about growing income inequality. But I worry even more that the discussion is too narrowly focused. I worry that our outrage at the top 1 percent is distracting us from the problem that we should really care about: how to create opportunities and ensure a reasonable standard of living for the bottom 20 percent.
Our passion about the widening disparity in wealth and income is easy to understand. After all, studies often find that unequal incomes reduce happiness. Of course they do: Jealousy and envy are strong emotions. ...

    Posted by on Saturday, March 8, 2014 at 03:36 PM in Economics, Income Distribution | Permalink  Comments (64)


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