I often start the first-year managerial economics classes I teach by showing a graph to my MBA students (see below). It shows that in 1951, middle-income Indians (from the middle 40 th percentile, ...

During the 2012 election, America’s historically high levels of inequality became an issue in politics like no time in recent memory. By the 2016 go-around, income inequality is on the path to ...

The most potent ‘solutions’ for inequality are unpleasant. Tight labor markets shrink income inequality by causing employers to bid up the price of scarce labor, so policymakers fretting about income ...

The tide has come in on issues of economic inequality and poverty. A significant number of people are now voting on ‘fairness’, with concerns about the distribution of wealth and income in this ...