Inequality Isn’t the Problem, Uneven Growth Is: Allison Schrager

Growing economic inequality is either “a major issue of our time” or “a defining challenge of our time,” depending on your taste for hyperbole. Given America’s recent experience, however, I would like to call for a timeout. What matters is not so much the level of inequality as how we narrow the gap: The important thing is to create the conditions for widespread growth.

After years of a widening gap between the rich and poor in the US, income inequality is finally narrowing — and yet few Americans are happy about the state of the economy. ...