such as raising taxes or cutting public spending to avoid a debt crisis. The affluent may
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may be essential to a functioning market economy. But beyond
the U.S. economy scored 0.434 on the GINI scale in 2010
income inequality's relationship with the duration of
rapid expansion and those whose growth spurts quickly dissipate. In
observing that the level of inequality may be the key
and showed that there may be no trade-off between efficiency and equality (51). In fact
job gains have come mainly in low-paying positions
through 2013. After expecting to see that long-awaited
with greater parent education positively
today's workers have been left behind by technological
though the dispersion of after-tax income in 2010
the distribution of net household income (after
concentration spiked from 2003 through 2007
doubling to approximately 8% of market income in 2007 from about 4% in 1979. Business income
inherited wealth has increased since the
which has held at $7.25 an hour since July
research on the trade effect has been inconclusive
and occupations requiring a college degree typically offer double the salary of those requiring a high
helped by technological innovation that broadened their reach across