Inequality in US– Some Trends

Yellen has this useful speech to show how inequality has risen so much in US.

This is a trend which has clearly caught US econs napping. Economists is around two questions: How much to produce and how to distribute. The question of distribution was dismissed by most economists in recent years. There was a widely held belief that just like econs have resolved the problem of depression, they have  resolved for distribution as well.

And now both, depression and inequaity have hit these economies hard. And what is worse that there were clear signs of this but were ignored.

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