The Truth About Income Inequality — By Diana Furchtgott-Roth
Ask almost any Democratic politician the most important economic facts about income distribution in America, and you are almost certain to hear the following three points: (1) incomes have fallen substantially over the past ten years; (2) labor’s share of income has fallen significantly behind the pace of new productivity and innovation; and (3) income distribution has worsened dramatically over the past generation and over the past decade in particular, with people at the top getting a bigger fraction of total personal income.
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