Income Inequality: Difference between revisions
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[https://www.pbs.org/newshour/economy/powell-says-policies-are-needed-to-address-slow-income-growth by Martin Crutsinger 9/5/19 PBS NEWS] | [https://www.pbs.org/newshour/economy/powell-says-policies-are-needed-to-address-slow-income-growth by Martin Crutsinger 9/5/19 PBS NEWS] | ||
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. | WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. | ||
=====Column: The only conquerors of inequality are the Four Horsemen of the Apocalypse===== | |||
[https://www.pbs.org/newshour/economy/column-conquerors-inequality-four-horsemen-apocalypse by Walter Scheidel 16/6/17 PBS NEWS] | |||
The thesis of my book is that if you look at the very long run of history over hundreds of thousands of years, wherever there is documentation, you see that pretty high levels of income and wealth inequality used to be a default condition. For long periods of time, inequality tends to either go up or be stable at pretty high levels. But every single time we observe a major reduction in economic inequality, it is linked to some massive, violent shock — an upending of the established order. And that’s true across history. | |||
