The United States stands out as the most economically unequal industrialized democracy. The wealthiest Americans hold nearly as much income today as they did prior to the Great Depression. Despite decades of rising inequality, public support for redistribution has not increased in a meaningful way. This is puzzling because it runs counter to canonical models…
Tag: income inequality
We Shouldn’t Stop Gentrification, But We Can Make It Less Painful
Change doesn’t always benefit everyone affected by it, and it’s understandable that cities want to help residents who are struggling with the changes caused by the recent urban revival. But change is part of growth, and helping people adapt to redevelopment is a better approach than stifling it.