Macroeconomic Inequality from Reagan to Trump Market Power, Wage Repression, Asset Price Inflation, and Industrial Decline |
|
| Author:
| Taylor, Lance |
| As told to:
| Ömer, Özlem |
| Series title: | Studies in New Economic Thinking Ser. |
| ISBN: | 978-1-108-85444-3 |
| Publication Date: | Jul 2020 |
| Publisher: | Cambridge University Press
|
| Book Format: | Digital (delivered electronically) |
| List Price: | USD $225.00 |
Book Description:
|
Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent.
Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent.