Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Tuesday, July 21, 2020
The Great Society failed to reduce disparities between white and black income and wealth
"The historical data also reveal that no progress
has been made in reducing income and wealth inequalities between black and white households over the
past 70 years" (Income and Wealth Inequality in America, 1949-2016). The Gini coefficient = 0 if everyone has the same share and = 1 if the richest person has everything.
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