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Income inequality – The daily blog of behavioral and cognitive economics

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Income inequality – The daily blog of behavioral and cognitive economics

Most Americans Dislike Income Inequality. But They Disagree About Who Should Fix It

Income inequality has been increasing steadily in the United States since the late 1970s. In 1978, American CEOs were paid 31 times as much as the typical worker. As of 2023, that number has skyrocketed to 290 times as much. What is behind this still widening gap? One prevailing narrative is that Americans just don’t care much about inequality—that in the land of hard work and opportunity, we all rest easy knowing that everyone is getting their just deserts. Leslie McCall has spent her career studying public opinion about inequality and its implications for policy and politics. ….[READ]

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