The Great Divergence
More facts and figures seeking to explain the rise in economic inequality since the collapse of the post-WW2 golden age of capitalism. Immigration, technology, globalization, the decline of unionism, and government policy have all, to varying degrees, contributed to what is a now familiar story. The only interesting question left is whether there’s a tipping point. Given the accelerating trends, some limit has to be approaching. On the other hand, Americans have been “waiting for lefty” for a long time. I don’t expect him to arrive anytime soon, or soon enough.