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General News    H3'ed 1/7/16

What top researchers discovered when they re-ran the numbers on income inequality

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The world's most famous inequality researchers unveiled a new way of adding up the growing gap between the super-rich and everyone else on Tuesday.

The findings by economists Emmanuel Saez, Gabriel Zucman and Thomas Piketty, which are preliminary,  were hotly anticipated ever since the American Economic Association conference posted a one-paragraph summary of their results ahead of the event in San Francisco. 'In contrast to survey and individual tax data, we find substantial increase in average real pre-tax incomes for the bottom 90% since the 1970s,' one line in the preview said, potentially suggesting that concerns about a stagnant middle had been overblown.

Conservatives say this proves they were right about inequality. But it doesn't.

Read the rest of the story HERE:

At www.washingtonpost.com

 

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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