A Persisting Injustice in America’s Economy

Abstract

Although much attention in America and many other countries is devoted—and rightly so—to gaps between demographic groups resulting in part from discrimination, one of the most striking gaps is that between the incomes of low-wage earners and the incomes of high earners.

Keywords: economic development, income, inequality, taxation

JEL Classification: O1, D31, E2, N3, H2