Could Politics Trump Economics As Reason for Growing Income Inequality?

[applegrove]

Could Politics Trump Economics As Reason for Growing Income Inequality?

by Jeff Grabmeier at Ohio State University

http://news.osu.edu/news/2014/06/16/could-politics-trump-economics-as-reason-for-growing-income-inequality/

"SNIP........................


COLUMBUS, Ohio – Most research examining growing income inequality in the United States has focused on economic causes, for seemingly obvious reasons.

But a new study suggests that a different cause – the politically induced decline in the strength of worker unions – may play a much more pivotal role than previously understood.

In fact, the role that union decline has played in growing income inequality may actually be larger than many of the favorite explanations offered by economists, such as the education gap in the United States.

Among their contributions to income equality: unions reduce pay differences within companies and use their influence to lobby on behalf of the working and middle classes, the researchers say.




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[applegrove]

1. And water is wet. But I do think it is a great history of labor

in the last 35 years.

[world wide wally]

2. Politics have trumped economics (except for the very rich, of course) since 2001 when our

brilliant electorate and the Supreme court installed Bush as President. One the Republican congress is sabotaging all efforts to restore an economic situation that benefits anybody but the very rich. Way to go, Teabaggers

[maced666]

3. Repubs have perfected the art of screwing over lower income Americans.

They act proud of it instead of denying.

[socialist_n_TN]

4. Marxist here. It's ALWAYS been connected under capitalism....

The work hand-in-hand to oppress the working class.