Krugman on Inequality
Wednesday, September 20th, 2006This has sat on my desk for a while, but it’s too important not to post. In August Paul Krugman published a column in the New York Times about growing inequality in this country. He described the period from 1980 to the present as “The New Gilded Age.” He wrote that between 1980 and 2004, “real wages in manufacturing fell 1 percent, while the real income of the richest 1 percent - people with incomes of more than $277,000 in 2004 - rose 135 percent.”
Here’s more: Read the rest of this entry »
