Goke Pelemo

43%
Flag icon
Generally speaking, inequality tends to evolve “procyclically” (that is, it moves in the same direction as the economic cycle, in contrast to “countercyclical” changes). In economic booms, the share of profits in national income tends to increase, and pay at the top end of the scale (including incentives and bonuses) often increases more than wages toward the bottom and middle.
Capital in the Twenty-First Century
Rate this book
Clear rating
Open Preview