The Problem of Inequality: An Expert’s View
2014-08-31
Here is a great post by Joseph Stiglitz (a very famous economist and Nobel prize winner) that explains what is wrong with inequality (we are the country with the highest income inequality of any advanced country) and what to do about it. For example, “The inflation adjusted median income of a male worker with only a high school degree has fallen by 47% from 1969 to 2009. ”
Here is a link to the article: http://www.nextnewdeal.net/stiglitz-why-inequality-matters-and-what-can-be-done-about-it (posted April 1, 2014)
I strongly recommend you read this article if you are in any doubt as to why inequality is bad for our economy as well as for individuals in our country.
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Conrad Theodore Seitz 