The Dish: A rising tide lifts some boats

A Rising Tide Lifts Some Boats

What strikes me about this article and the graphic which is the centerpiece is not the news about US income inequality; even the most incurious of economists has noticed this in the past decade, whether or not they have opinions on its effect. Rather, what strikes me is the beginning of the time series. In 1980, the US was the richest country in the world for 90% of its denizens. That’s truly amazing. So what happened?


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