Markets

Income Inequality Is Worse Now Than It Was During Slavery

[credit provider=”Wikimedia/Carlos Julião” url=”http://commons.wikimedia.org/wiki/File%3AJuliao01.JPG”] Here’s a finding that would have made for great occupy sign last year: American income inequality may be more severe today than it was way back in 1774 — even if you factor in slavery.That stat’s not actually as crazy (or demoralizing) as it sounds, but […]
Income Inequality Is Worse Now Than It Was During Slavery
Markets

True Income Mobility Would Mean Wealthier Parents Would Have To Allow Their Children To Fail

[credit provider=”peter curbishley via flickr” url=”http://www.flickr.com/photos/peter_curb/4398525825/”] Like Ross Douthat, I’ve been following the recent blog conversation about income inequality and income mobility. I’m not going to summarize the arguments about how closely they’re connected–you should read Ross’s excellent post for a good overview.And I’m certainly not going to insert myself […]
True Income Mobility Would Mean Wealthier Parents Would Have To Allow Their Children To Fail