Tuesday, April 2, 2013

Permanent Inequality?

A study released by the Brookings Institution found that income inequality hasn’t just widened in recent decades but the gap appears to be permanent.

The economists tracked the annual tax returns of 34,000 households from 1987 through 2009 and found a rise in “permanent inequality,” i.e. high-earning Americans becoming better off while lower-wage workers became worse off. They found that income inequality is long-lasting and the gap isn’t just the result of short-term unemployment,