Sunday, August 12

Middle-class incomes are not stagnating

In The Mismeasure of Inequality Kip Hagopian and Lee Ohanian write,
We will show that much of what has been reported about income inequality is misleading, factually incorrect, or of little or no consequence to our economic well-being. We will also show that middle-class incomes are not stagnating; in fact, middle-class incomes have risen significantly over the 29 years covered by the cbo study. Lastly, we will address assertions that the rich are not paying their “fair share” of taxes.

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