Overall economic growth combats income inequality

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Overall economic growth combats income inequality

Although it is misunderstood, income inequality is a real issue about which state policymakers of all parties should be concerned.

America’s system of free enterprise used to be one of the world’s best providers of upward mobility. And real, inflation-adjusted incomes grew briskly in North Carolina and most of the country for most of the 20th century. Neither description fits our current economic situation.Claims that most families haven’t seen their living conditions and prospects budge for decades are incorrect, based as they are on flawed measurements that leave out the fastest-growing segment of family […]