Income inequality in America has taken an enormous leap upwards since the mid-1980s, leaving us today with a society that is as unequal as America was in the pre-Great Depression Gilded Age.
« Cory Doctorow: Death of the Novel? Film at 11 | Main | What Does the Internet Think Is Worth Reading by Brad DeLong? »
The comments to this entry are closed.
Have you read the bell curve?
[Yes. But I don't believe _The Bell Curve_. It's not well done]
It makes two points pertinent to this:
1 - A more and more technical economy will create a "cognitive elite", or a super-rich class based on intelligence, which would be much harder to dislodge (if you believe in doing that sort of thing) than the old aristocrats, and
2 - That immigrants to the US have lower native intelligence than those currently here, except for northeast asians, which will have an elongating effect on the distribution graph
That's not to discount the effects of "reaganomics"
Posted by: Steven Odle | March 31, 2007 at 01:35 AM