Edward Conard

Top Ten New York Times Bestselling Author

Upside of Inequality Unintended Consequences
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My chapter, “The Economics of Inequality,” joins Saez, Burkhauser, and other distinguished economists in Oxford University Press’ new “United States Income, Wealth, Consumption, and Inequality”

In my chapter, “Economics of Inequality in High-Wage Economies,” I argue,

“Inequality is mostly the result of an increasing premium on returns from risk and high-skilled labor ushered in by technological disruption and the feedback loop of elite talent working to increase their own productivity—a logical outcome when properly trained talent constrains growth. The answer … lies in increasing the ratio of high- to low-skilled workers chiefly by training and recruiting more high-scoring domestic and immigrant workers. Rather than greater income redistribution slowing growth by dampening high-skilled productivity and incentives to innovate, these alternatives would accelerate growth and narrow income inequality by relieving constraints on talent and increasing resources devoted to raising low-skilled productivity.”

Read more and buy the book here.

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