When President Obama delivers his State of the Union address on Tuesday, rising inequality is set to play a prominent role—and that’s to be welcomed. As the President pointed out last month, in a speech to the Center for American Progress, the facts are glaring: profits and productivity are rising but wages are stagnant; more and more of the nation’s income is going to the top ten per cent and the top one per cent; and the United States has low (but, apparently, not declining) rates of social mobility.
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Published on January 28, 2014 07:29