Alberto Veronese | When Income Grows, Who Gains? @fistfullproduction | Uploaded October 2014 | Updated October 2024, 2 hours ago.
"All The Wealth The Middle Class Accumulated After 1940 Is Gone"
Mark Gongloff, The Huffington Post, October 20, 2014
huffingtonpost.com/2014/10/20/middle-class-wealth-shrinks-1940s_n_6014874.html
"U.S. Economic Recoveries Increasingly Favor the Wealthy: An Interview with Bard Economist Pavlina Tcherneva", October 17, 2014
http://www.bard.edu/news/news.php?id=113
“Growth for Whom?”
Pavlina Tcherneva, Levy Economics Institute, October 6, 2014
levyinstitute.org/pubs/op_47.pdf
"[...] The way we grow increasingly favors the incomes of the very wealthy, which over the last few decades have progressively taken the form of stock options, carried interest, and other cash flow from financial asset ownership. Because macroeconomic stabilization policy has prioritized the recovery of the financial sector, by design, it has resuscitated and grown the incomes of the wealthy...
... The failure of policy to secure strong income growth from wages and salaries along with tight full employment over the long run (that is, a situation where everyone who would like to work has a job opportunity that offers decent pay), is a key contributor to the increase in income inequality."
Pavlina Tcherneva
"All The Wealth The Middle Class Accumulated After 1940 Is Gone"
Mark Gongloff, The Huffington Post, October 20, 2014
huffingtonpost.com/2014/10/20/middle-class-wealth-shrinks-1940s_n_6014874.html
"U.S. Economic Recoveries Increasingly Favor the Wealthy: An Interview with Bard Economist Pavlina Tcherneva", October 17, 2014
http://www.bard.edu/news/news.php?id=113
“Growth for Whom?”
Pavlina Tcherneva, Levy Economics Institute, October 6, 2014
levyinstitute.org/pubs/op_47.pdf
"[...] The way we grow increasingly favors the incomes of the very wealthy, which over the last few decades have progressively taken the form of stock options, carried interest, and other cash flow from financial asset ownership. Because macroeconomic stabilization policy has prioritized the recovery of the financial sector, by design, it has resuscitated and grown the incomes of the wealthy...
... The failure of policy to secure strong income growth from wages and salaries along with tight full employment over the long run (that is, a situation where everyone who would like to work has a job opportunity that offers decent pay), is a key contributor to the increase in income inequality."
Pavlina Tcherneva
