Is There a Better Way to Think About Income Inequality? – CityLab
The staff came across some articles which articulate what we are missing about inequality in most of our conversations. Labor is the bedrock of our economy and we should treat it as such. We should compensate it as such.
We often say that higher education isn’t going to solve our equality issues. Some folks aren’t meant to seek degrees. Besides if everyone had degrees the marginal value would be much.
We need to talk about a world in which labor itself is valued more equitably. If you put in a solid 8 hours a day your pay should be sufficient to sustain a modest life. Every year that becomes less and less realistic.
we need to focus more directly on labor-market policies that increase people’s earnings and increase the steadiness of their jobs. In the end, fighting income inequality is about fighting income inequality. It’s not about closing educational gaps or getting more people married, or creating a diverse pool of Fortune 500 CEOs.
If where you end up is totally dependent on your parents, or a set of random circumstances over which you have no control, and there’s no individual description of how you get to a stable place in the economic system, then we’ve lost the narrative about how to get ahead. And that’s where things get dangerous