Advice To The Next President: Income Inequality And Social Mobility
WBUR - 10/10/2012
With a growing body of evidence to support that economic inequality suppresses growth and creates instability, what should the next president do to reverse this long standing trend?
Northeastern University’s Barry Bluestone and Boston Federal Reserve Bank economist Katharine Bradbury offer their thoughts.
In our quest to understand rising U.S. inequality since the early 1970s, many economists are eager to blame “skilled biased technological change” – the idea that a modern economy rewards those with the best skills and punishes those with the least skills.