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Summary Of The Upside Of Income Inequality

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With a title like “The Upside of Income Inequality”, the article certainly got the attention it wanted. This article, written by Gary Becker and Kevin Murphy, outlined what the rising income inequality means for the United States. They propose that the rising income inequality stems mostly from the increase in the value of education, spiking in the 1980s. They state that this increase in value better helps minorities as women and African Americans are gaining more from college than men/Caucasian. As a whole, society is getting more equal, and more Americans are going to college. They argue that to solve this rising inequality, we only must convince the poor to attend college and they will be rewarded for their good investment.
Becker and Murphy

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