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Income inequality, revisited
At CatoUnbound, you will find the debate continuing, with meaty comments from economists across the spectrum, and a rejoinder from Alan Reynolds.
Posted by Tyler Cowen on February 19, 2007 at 12:32 PM in Economics | Permalink
Comments
How can anyone be upset that income inequality is rising?
The US has a large number of people with almost no education on one side (and this may be rising due to immigration), and people doing the most advanced and productive technological and business processes on the other. The most well paid people will be using skills to be most productive, while the least well paid people will continue to do the least productive unskilled labor.
I should add that since minimum wages reduce the hours available to the poorest, they may also enhance inequality, especially through reductions in lifetime wages due to lack of work experience because of unemployment.
Posted by: Mr. Econotarian at Feb 20, 2007 12:30:16 AM
I thought Reynolds was arguing that income inequality was not, in fact, rising.
Posted by: Barbar at Feb 20, 2007 8:32:50 AM
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Posted by: 謝文豪 at Apr 1, 2008 9:57:45 PM
