A Persisting Injustice in America’s Economy

5 Pages Posted: 23 Jun 2023

See all articles by Edmund S. Phelps

Edmund S. Phelps

Center on Capitalism and Society, Columbia University

Date Written: June 26, 2023

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

Suggested Citation

Phelps, Edmund S., A Persisting Injustice in America’s Economy (June 26, 2023). Capitalism & Society, Volume 17, Issue 1 (2023), Available at SSRN: https://ssrn.com/abstract=4489620

Edmund S. Phelps (Contact Author)

Center on Capitalism and Society, Columbia University ( email )

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New York, NY 10027
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