Income Inequality May Take Toll on Growth - NYTimes.com - 4 views
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hcps-pereirark on 31 Jan 15"The recession seems to have cemented the country's income and wealth inequality, not reversed it. The top 10 percent earn a larger share of overall income than they have since the 1930s. The earnings of the top 1 percent took a knock during the recession, but have bounced back. In contrast, the average working family's income has continued to decline through the anemic recovery." This article discusses the overall effects and causes of income inequality in the United States and what might happen in the years to come. According to the article, the growth of our economy has become sluggish due to income inequality, it's a bigger issue than we once though it was. In this article economists discuss whether and how the gap between the rich and the poor fueled the recession and what it might mean for our future.