Inequality rising in the US – Minneapolis Fed report
“Government intervention largely eliminates the cyclicality in inequality at the bottom,” research says
Economic inequality in the US has risen across several measures in the last few decades, researchers with the Federal Reserve Bank of Minneapolis find.
The staff report, published on August 1, says individual and household income inequality is rising. “Since the early 2000s, the college wage premium has stopped growing, and the race wage gap has stalled,” the report says. “However, the gender wage gap has kept shrinking.”
Individual and household-level inequality has been rising at the top of
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