A commentary published by the Cleveland Fed found that slow economic growth has had little effect on income and wealth inequality in the U.S.
Sourced through Scoop.it from: www.dsnews.com
So, if I understand this right, even if lower income workers receive an increase in wages due to an improving economy, it actually creates more inequality because the wealthy experience larger growth than lower income during good times.
The slower the econonmy growth, the less wealth difference? Makes logical sense. Where’s the model for more wealth equality? Just curious.