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Macroeconomic Inequality from Reagan to Trump

by Taylor, Lance (New School for Social Research, New York) Paperback / softback , 170 pages
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  9781108796101 
Cambridge University Press 
30/06/2020 
United Kingdom 

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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.