Is Wealth Inequality Rising? (On Paul Krugman's Ambiguity Denial)

Tuesday, June 3, 2014

Inequality moderates do not assume that trends in annual earnings inequality must follow, say, trends in wealth inequality. We can concede that the ratio of household income between the middle and bottom fifth rose during, say, the 1980s, but then we might emphasize that it has not grown much or at all since then.