Wolfers quoted in Reuters article on income inequality
Reuters quoted Justin Wolfers in an article about a new Brookings Institution report about rising income inequality. The report, entitled "Rising Inequality: Transitory or Permanent?" looked at incomes in the U.S. between 1987 and 2009. It found that "permanent inequality"—income inequality that is not reduced by improvements in the national economic outlook—is currently driving much of the growth in income inequality in the U.S.
"The rich are getting richer and staying richer," Justin Wolfers commented for the article. "The poor are getting poorer and staying poorer."