Macroeconomic Inequality From Reagan To Trump
Market Power, Wage Repression, Asset Price Inflation, And Industrial Decline
- Editore:
Cambridge University Press
- Collana:
- Studies In New Economic Thinking
- EAN:
9781108796101
- ISBN:
1108796109
- Pagine:
- 220
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Macroeconomic Inequality From Reagan To Trump
Rising US income and wealth inequality results from repression of real wage growth and production realignments benefitting the top one percent of households. Middle class wage-earning households have been hurt. Wage repression has led to slow inflation and low interest rates that sparked capital gains for the top one percent.
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