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Thursday, February 6, 2014

More Even Distribution Of Income Gains Would Mean Half A Trillion More GDP

"Alan B. Krueger, a Princeton economist who was a top economic adviser in the Obama administration from 2009 to 2013, estimates that had the shift in income gains to the wealthiest earners since 1979 been more uniformly distributed, annual consumption would be $400 billion to $500 billion higher today, equal to about 3.5 percent of gross domestic product." Nelson D. Schwartz in The New York Times.


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