We live in a society where children’s well-being as adults is overwhelmingly determined by the incomes of their parents. Inequality was not a natural outcome of the market and technology.
Data shows the decline in the national poverty rate.Yet, most states have still not recovered to their pre-great-recession poverty rates, and 40 states had higher poverty rates in 2017 than in 2000,
This paper reviews a wide-ranging literature that examines the increased ability of leading firms to extract monopoly rents. It also reviews the more recent and still thin literature on the increase in inequality among workers with similar characteristics but different employers
