Is US Income Inequality Caused by Manufacturing's Relative Decline?

Is US Income Inequality Caused by Manufacturing's Relative Decline?

An economist crunches the data and finds a "close adverse relationship."

Amidst discussion about the growing gap between top earners and those in the middle and lower income brackets, I've been asked whether I think the U.S. manufacturing industry's relative decline might be a factor. After all, anyone paying the slightest attention to the economy can see that the rise in income inequality and the decline of manufacturing employment occurred during roughly the same years.

Similarly, it doesn't take a genius to observe deteriorating economic oppor

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