Income Inequality

Mind the Productivity Gap to Reduce Inequality

5/7/19
from The Wall Street Journal,
5/6/19:

It isn’t only an American problem, but the U.S. has lessons to learn from other wealthy countries.

How are American workers doing? Neither the middle class nor the poor have fared well in recent decades—but don’t blame tax cuts, a too-low minimum wage or the greed of the 1%. In rich countries around the world, the top half of the income distribution has been pulling away from the bottom half. Productivity growth among high-wage workers, driven by technological change, is the reason.

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