TPM’s Deep, Deep Dive into the Economics of Inequality

Source: Jared Bernstein, Talking Points Memo, TPM Features, December 2015

Understanding the growth of economic inequality in the United States is both simple and complex. The simple part, which is also the most important part, is that by virtually all the relevant metrics, types of income, and data sets, inequality has significantly increased since the 1970s. The complex part is that to understand this increasing trend in some depth, one needs to undertake some degree of immersion in all those different metrics, data sets, and income types. That means we’ll need to look at the growth of inequality by wages, incomes, and wealth; we’ll have to understand the strengths and limitations of the various data sets.