Business guru blogs about the latest in green biz.
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 03:39 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.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.