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The Great Income Stagnation

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Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of households in the advanced economies. Less noticed – but just as corrosive – is inequality between generations, a result of falling or stagnating incomes for the majority of households.

BERKELEY – Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of households in the United States and other advanced economies. Less noticed – but just as corrosive – is the trend of falling or stagnating incomes for the majority of households.

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