Friday, February 1, 2013

Do We Have Income Inequality By Design?

Many economists attribute growing income inequality to the greater use of technology.  They argue that those with technical skills are in greater demand and that has led to higher wage growth.  The greater use of technology has led to the decline in wages for the middle class.  Lower skilled middle class jobs are being replaced by technology.  This article looks at the evidence and it argues that we have adopted political policies which have led to greater inequality.  It provides some examples of those policies, but it does not discuss the connection between growing income inequality and the financialization of the global economy.

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