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Growth in inequality for decades is likely

What if inequality were to continue growing years or decades into the future? Say the richest 1 percent of the population amassed a quarter of the nation’s income, up from about a fifth today. What about half?

To believe Thomas Piketty of the Paris School of Economics, this future is not just possible. It is likely.

In his bracing “Capital in the Twenty-First Century,” which hit bookstores on Monday, Professor Piketty provides a fresh and sweeping analysis of the world’s economic history that puts into question many of our core beliefs about the organization of market economies.

Capture d’écran 2014-03-19 à 09.04.48

Chosen excerpts by Job Market Monitor. Read the whole story at A Relentless Widening of Disparity in Wealth – NYTimes.com.

 

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