Income inequality a drain on the economy
Income inequality is not just a standalone problem; it can also be a drain on the overall economy.
Fri, Jun 22 2012 at 3:39 PM
Recent reports of Americans losing 40 percent of their wealth
, with the middle-class facing the brunt of the losses, were followed by news reports about the widening income gap. While income equality is a problem in and of itself, evidently it can also be a problem for the overall economy. Nobel laureate winning economist Joseph Stiglitz discusses the conundrum we face in this video.
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