Income Inequality in the United States Today

Mark Joseph Stelzner

2015

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DOI 10.1057/9781137388117_1
Data confidence 70 medium
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Abstract

In the first chapter, I analyze the evolution of income inequality in the United States from the 1950s to present. I show that the share of national income going to those in the upper reaches of the income ladder has increased considerably over the last three and a half decades, and that explaining the change in top wage incomes, which predominately include non-financial sector CEO remuneration, is central to understanding these changes. I also explore SBTC—the theory for the increase in wage income inequality which, at least until recently, has the most support from economists and politicians. Finding SBTC lacking, I end the chapter in suspense. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.