Why the Rich are so much Richer in the US

01/10/2015

Nobel Prizewinner Joseph E. Stiglitz has been at the forefront of the debate in the US and elsewhere about growing inequality. In a recent review in the New York Review of Books, James Surowiecki comments on three recent books by Stiglitz. He says:

“The numbers are, at this point, woefully familiar: the top 1% of earners take home more than 20% of the income and their share has more than doubled in the last 35 years. The gains for people in the top 0.1%, meanwhile, have been even greater. Yet over that same period, average wages and household incomes in the US have risen only slightly, and a number of demographic groups (like men with only a high school education) have actually seen their average wages decline.”

See link to article below.       John Menadue

http://www.nybooks.com/articles/archives/2015/sep/24/stiglitz-why-rich-are-so-much-richer/?utm_medium=email

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