Income inequality is a hot topic for 2014. The liberal Center for American Progress recently launched a new center devoted to the subject, and President Obama has been making it a centerpiece of his speeches.
But what causes income inequality; is it inherently bad; and what (if anything) should be done about it? These are the questions for debate.
A common argument is that income inequality keeps people on the lower rungs of the economic ladder from climbing higher. But a new study by Scott Winship, the Walter B. Wriston Fellow at the Manhattan Institute, and Donald Schneider of Heritage’s Center for Policy Innovation reveals that “The evidence across local job markets in the United States throws severe doubt on the idea that income inequality harms opportunity.”
Check out the study here to see what they found.