Rising Inequality Is Far From Inevitable

Rising Inequality Is Far From Inevitable
AP Photo/Mike Groll, File

The latest study of deepening inequality by three of the most careful scholars of the subject, Thomas Piketty, Emmanuel Saens, and Gabriel Zucman, has prompted another round of shrugs from economists that inequality is just in the nature of the advanced economy.

Supposedly, these inexorable trends reflect technology, globalization, and increasing rewards to more advanced skills. The poor are paid in correct proportion to their contribution to the national product, which alas, isn't much.

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