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Odysseas Papadimitriou – Why Income Inequality Will Get Worse Before It Gets Better

We’ve all heard about rising income inequality, and for good reason: It’s a huge problem. Just consider the fact that the wealthiest 1% of Americans accounted for roughly 21.2% of all earnings in 2012, compared to just 8.9% in 1973, according to UC Berkeley’s Center for Equitable Growth.

But far less obvious is the eventuality that things will get much worse before they get better. Don’t believe it? Here are a couple of specific reasons why we’re in for more darkness before dawn, plus some ideas on how we can fix the underlying problems.

Why Worse Is Yet to Come

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