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Inequality Isn’t the Problem. Uneven Growth Is. The focus should be less on the gap between rich and poor and more on how to ensure that economic gains are widely shared.
The nation's wealthiest residents saw their billions grow even larger in the years following the COVID-19 pandemic due to policies from the Federal Reserve that have deepened the chasm of income ...
Trump’s 2017 Tax Cuts and Jobs Act has disadvantaged middle-income, low-income and Black taxpayers in several ways. It’s harder for middle-class Black people to get a mortgage than it is for ...
Take the corporate lawyer. Even after taxes and transfers, the average real income of households like his grew by 110% from 1990 to 2019, according to the Congressional Budget Office (CBO).). But ...
Yet, deepening income and wealth inequality is a significant social issue. The St. Louis Fed’s Institute for Economic Equity found that through the second quarter of 2024: ...
There are competing narratives about artificial intelligence’s impact on inequality. Some argue AI will exacerbate economic disparities, while others suggest it could reduce inequality by primarily ...
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