It is indisputable that the distribution of income in the United States has become more unequal. However, many economists say they believe that turnover among both the poor and the rich substantially mitigates its impact. If everyone remained in the same income bracket year after year, the negative effects of inequality would be far worse.
Tuesday, June 19, 2012
Class Mobility in the U.S.
Bruce Bartlett sees some movement in the top and bottom quintiles and notes: