Saturday, May 25, 2019

The Truth about What Causes Income Inequality in America

In a 2017 article in the Atlantic titled "The Curse of Econ 101," author James Kwak defends increasing the minimum wage as a means to address income inequality.

Since income inequality is so important to progressives, maybe they should find out which states have done a better job of addressing this "Grave injustice."

The Gini Coefficient has been used since 1912 to quantify income inequality.

Table 1: Income redistribution and income inequality.

Table 2: Business regulatory environment and income inequality.

If government programs have not diminished inequality, maybe we should focus our efforts on some of the root causes.

Based on these data, moral decline, not laissez-faire capitalism, is a major cause of income inequality in America.

https://www.americanthinker.com/articles/2019/05/the_truth_about_what_causes_income_inequality_in_america.html

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