The Social Costs of Income Inequality

Income inequality has remained a consistent part of recent public debate, manifesting in the problems surrounding wage stagnation and a trapped lower class of America’s “growing” economy. Despite historic job-growth numbers during Barack Obama’s presidency, critics correctly cited a lack of wage growth for bottom line workers. Senator Bernie Sanders (I-VT) thrust the issue to the forefront during the 2016 presidential campaign. While the issue garnered a high level of attention, few practical proposals have been offered to combat the problem. Stagnating wages for the bottom half of America’s economy,…