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Showing blog posts published on Mar 10, 2013

Diverting Attention from Economic Inequality by Pitting Young Against Old

The most striking feature of the U.S. economy over the last three decades has been the upward redistribution of income. The top 1.0 percent of households has managed to pocket the vast majority of gains over this period. That is a sharp contrast with the three decades immediately following World War II when the benefits of much more rapid growth were broadly shared.

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