Income inequality has been growing at a much slower pace over the past ten years. Has anyone noticed?
Beyond stabilizing, according to some measures, inequality has actually fallen since the beginning of the Great Recession.
Income inequality after government transfers is down since 2007, according to CBO's measure. pic.twitter.com/mqm1MO9Jsl
— Michael R. Strain (@MichaelRStrain) June 2, 2018
You wouldn’t know this from the rhetoric and policy agenda of the Democratic party. If anything, the Democrats seem more invested in fighting inequality heading into the 2020 presidential election.
In my latest Bloomberg column, I discuss the statistics in more depth, and their implications for public policy. My bottom line: We should prioritize employment over equality.
You can check out the whole column here. Whether or not you agree, your comments are very welcome.