Macroeconomic inequality from reagan to trump: market power, wage repression, asset price inflation, and industrial decline
Auteur :
Taylor, Lance
Éditeur :
Cambridge University Press
ISBN :
9781108796101
Date de publication :
20 août 2020
Dimensions :
23,0 x 15,3 x 1,0 cm
Poids :
250 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.