Saturday, March 5, 2016

[“. . . . after about 2000 the real wages of college graduates stopped rising as well. Meanwhile, incomes at the very top — the one percent, and even more so a very tiny group within the one percent — continued to soar. And this divergence evidently had little to do with education, since hedge fund managers and high school teachers have similar levels of formal training.”



Krugman, Paul, ‘Challenging the Oligarchy,’ a review of Robert B. Reich’s, Saving Capitalism: For the Many, Not the Few, (Knopf, 2016), in The New York Review, December 17, 2015, pp: 16-20.