Economic Inequality: The Growing Divide
The old saying goes: The rich get richer, and the poor get poorer. Numerous studies and reports document a sharp escalation in the gap in income. The average worker’s hourly wages were higher in 1973. Meanwhile, executive compensation has soared. As the conservative Forbes magazine notes, “Billionaires have become a dime a dozen.” Chuck Collins thinks these trends pose problems for democracy and traditional notions of fairness.
Chuck Collins is director of the Program on Inequality and the Common Good at the Institute for Policy Studies. He is author of Born on Third Base, 99 to 1 and Is Inequality in America Irreversible?
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