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Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent.
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Macroeconomic Inequality from Reagan to Trump, Lance Taylor
- Language
- Released
- 2020
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Macroeconomic Inequality from Reagan to Trump
- Language
- English
- Authors
- Lance Taylor
- Publisher
- Cambridge University Press
- Released
- 2020
- Format
- Paperback
- ISBN10
- 1108796109
- ISBN13
- 9781108796101
- Description
- Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent.