[quote=harvey]
I’m skeptical that the wealth gap is a good measure of anything that really matters, especially going forward.[/quote]
I completely agree. If you do think that the wealth gap is the problem then understand wall street bailouts helped preserve that wealth gap. It’s just math. If wages are growing at 3% per year and asset prices in stocks, bond, and real estate are growing at a rate of 6,7,8% then of course those 2 exponential functions are going to run away from each other. That’s what creates the wider and wider gap.
The problem is those 2 exponential functions cannot stay in that state forever. All exponential functions eventually hit a wall and collapse.