Income Inequality: Difference between revisions
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[https://www.commondreams.org/opinion/inflation-wage-growth-policy by Josh Bivens 10/10/24 Common Dreams] | [https://www.commondreams.org/opinion/inflation-wage-growth-policy by Josh Bivens 10/10/24 Common Dreams] | ||
This labor market strength was also 100% a policy choice. Unlike previous business cycles, policymakers passed fiscal relief and recovery measures at the scale of the shock, and it proved that low unemployment could be restored very quickly after recessions so long as this policy lever was pulled with enough force. | This labor market strength was also 100% a policy choice. Unlike previous business cycles, policymakers passed fiscal relief and recovery measures at the scale of the shock, and it proved that low unemployment could be restored very quickly after recessions so long as this policy lever was pulled with enough force. | ||
=====Economic Inequality Continued To Rise In The U.S. After The Great Recession===== | |||
[https://fivethirtyeight.com/features/economic-inequality-continued-to-rise-in-the-u-s-after-the-great-recession/ by Ben Casselman 4/9/14 FiveThirtyEight] | |||
In the three years following the end of the Great Recession, the typical American family’s income declined 5 percent, its wealth fell 2 percent, it saved no more for retirement, and it was saddled with even more student debt. The only households to see income gains were the highest earners, and the gap between the wealthiest and the poorest widened. | |||
