D Clarity

What Is This Weird Balloon For

why inequality in the us is increasing

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Slate has been running a series of articles on inequality under the title “The Stinking Rich and the Great Divergence”. In today’s entry, the author gives a “back-of-the-envelope calculation” of what the causes of the increase in income inequality in the US have been. He attributes the increase in equality to the following factors:

* Immigration: 5%.
* Changes in tax rates and rules: 5%.
* Labour union decline: 20%.
* Increased trade: 10%.
* Educational factors: 30%.
* And 30% reserved for factors related to what he calls corporate “pampering of the Stinking Rich”.

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Written by geek

16/09/2010 at 4:28 pm

Posted in Uncategorized

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