Tuesday, May 26, 2015

What's Really Driving Income Inequality - Bloomberg View

Phenomenal article!:

What's Really Driving Income Inequality - Bloomberg View: "From 1978 to 2012, effectively all of the increase in wage inequality nationally has been due to increasing disparities from company to company. As the researchers note, “the wage gap between the most highly paid employees within these firms (CEOs and high level executives) and the average employee has increased only by a small amount, refuting oft-made claims that such widening gaps account for a large fraction of rising inequality in the population.” The researchers also found, by the way, that the male-female wage gap within companies has shrunk noticeably."

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