Source: "Income inequality," The Economist, October 30th 2008.
"Countries such as the United States and New Zealand saw large increases from an already unequal base."
Comment: The increasing income inequality is part of the reason that the middle class in the United States is going to vote for change. There seems to be some agreement that it is in part a result of the move toward a knowledge economy, and the increased importance of knowledge workers and the huge wealth generated by new ICT industries. I suspect it is also a result of the Reagan economic revolution which the Republicans have kept in force for a couple of decades. JAD
Sunday, November 02, 2008
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