Missing the Story: The OECD’s Analysis of Inequality
In the United States and many other wealthy countries, inequality has become a major political topic. The wealthy have seen their share of wealth and incomes grow substantially over the last three decades. In response, the OECD decided to examine trends in inequality and determine their causes. This paper argues that the OECD study on inequality appears to overstate the significance of its results. In particular, the focus on technology as the primary driver behind increased inequality, in the form of business R&D, appears to be particularly misplaced.
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David Rosnick, Dean Baker