This is a tremendous piece written by Thomas B. Edsall in the New York Times. It focuses on the income gap and economic inequality in the United States. And there is an income gap. Edsall writes: “Four political scientists – Adam Bonica of Stanford, Nolan McCarty of Princeton, Keith T. Poole of the University of Georgia and Howard Rosenthal of New York University – take this issue head on in their paper, “Why Hasn’t Democracy Slowed Rising Inequality?” published earlier this year in Journal of Economic Perspectives.”
The story is well worth reading, but this passage alone is worth a conversation:
“Globalization and changes in technology have been a boon to owners of capital, allowing them to decrease their labor costs, boost productivity and, in many cases, replace workers’ jobs entirely.”
To his credit Edsall promoted the debate by asking several professors, including Isabel Sawhill of the Brookings Institution, her thoughts on the piece. She answered: ““income inequality is growing for reasons that have little to do with politics,” including “changes in household composition, more single parents, like marrying like, and wage inequality produced by the increased demand for well educated workers and the failure of the supply of educated workers to keep pace.”
In many cases, the story puts to rest an effort to solve a complicated issue with simple soundbite solutions.
WHAT’S YOUR OPINION?