Tuesday, December 28, 2010

What are we doing to the least of these?

The lack of income distribution in our country frankly scares me. It is a measure of injustice in my mind that the work of some is valued so much more than that of others and in such concrete ways. The graph above is from the Slate article "Why we can't ignore growing income inequality."
Today, the richest 1 percent account for 24 percent of the nation's income. What caused this to happen? Over the next two weeks, I'll try to answer that question by looking at all potential explanations—race, gender, the computer revolution, immigration, trade, government policies, the decline of labor, compensation policies on Wall Street and in executive suites, and education. Then I'll explain why people who say we don't need to worry about income inequality (there aren't many of them) are wrong.
Full article.

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