They describe the winner take all economy to be one where the majority of the wealth and economic windfall accumulate at the top rung of the economic ladder instead of being evenly distributed across all the rungs. Where the top .01 percent of the rich, or super rich, are the ones with the most gains and the rest of the country makes modest improvements, sits stagnant, or is poised for losses. Truly the winners take all. How did this happen in the U.S. when other wealthy economies around the world did not have this dramatic shift? Hacker and Pierson place the government and American politics as the primary suspect for this transition to a “winner-take-all economy”. They assert that the way the government treated unions, the excessive salaries and perks of company executives, and lack of government regulation and taxation as the primary causes of the dramatic shift to the winners having it all in America (Hacker and
They describe the winner take all economy to be one where the majority of the wealth and economic windfall accumulate at the top rung of the economic ladder instead of being evenly distributed across all the rungs. Where the top .01 percent of the rich, or super rich, are the ones with the most gains and the rest of the country makes modest improvements, sits stagnant, or is poised for losses. Truly the winners take all. How did this happen in the U.S. when other wealthy economies around the world did not have this dramatic shift? Hacker and Pierson place the government and American politics as the primary suspect for this transition to a “winner-take-all economy”. They assert that the way the government treated unions, the excessive salaries and perks of company executives, and lack of government regulation and taxation as the primary causes of the dramatic shift to the winners having it all in America (Hacker and