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Wealth Inequality
AKA Wealth Gap = unequal distribution of assets among
residents
r>g
capital reproduces itself faster than output increases
Wealth Gap still increasing
hour
Reduce employment opportunities
29 states have minimum wage above the federal $7.25
$7.25 breaks just above the poverty line of $12,000
Hilary Clinton has called to a raise of $12
Democrats: raising the minimum wage help working poor
Republicans: will cause job losses and raise prices
Paul Krugman
Inequality is inevitable
People need incentives to innovate
Continues to widen
Threat to equal opportunity
Quick Explanation
https://www.youtube.com/watch?v=6Xa9T2OMzmw
"THE WEALTH GAP in the UNITED STATES.(Statistical Data Included)."Pediatrics, 107.6 (2001): 1276.
Blanchett, David M, and Brian C Blanchett. "The Wealth Effect and the Savings Gap."Journal of Pension
Benefits, 15.3 (2008): 48.
Dobija, Mieczysaw. "Labor Productivity Vs. Minimum Wage Level." Modern Economy, 2.5 (2011): 780-787.
http://pikettyexplained.blogspot.com/2014/11/summary-of-capital-in-twenty-first.html
Li, Shi, and Terry Sicular. "The Distribution Of Household Income In China: Inequality, Poverty And Policies." China
Quarterly 217.(2014): 1-41. Academic Search Premier. Web. 1 Dec. 2015.
Di, ZX. "Does Housing Wealth Contribute to or Temper the Widening Wealth Gap in America?." Housing Policy
Debate, 16.2 (2005): 281-296.
https://hbr.org/2014/04/pikettys-capital-in-a-lot-less-than-696-pages/
http://www.economist.com/blogs/buttonwood/2014/03/inequality
http://inequalitywatch.eu/spip.php?article95&lang=fr
http://jamesgrubman.com/sites/default/files/Acquirers_and_Inheritors_Dilemma.pdf
http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761 /