Interesting column in the Washington Post today. The piece is far too short for the subject—that the economy is darned hard to understand right now—but it’s a decent primer.
There is also a plethora of data sets that can be used to show that, in reality, we’re all still better off than we were 10, 20 or 30 years ago, or, if you wish, that the American Dream is dead and the economy is now run by and for the super-rich. What is almost certain, however, is that fundamental changes in the structure of the labor, product and capital markets are accelerating a long-term trend toward income inequality.
Check it out.