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To: Oblomov who wrote (198818)10/21/2002 12:52:50 PM
From: GraceZ  Respond to of 436258
 
However, one argument that Krugman did not address is that greater income inequality is mitigated by the fact that there is higher mobility between income quintiles or deciles. This mobility grew along with inequality, and the late 90s differed from the 1920's in this respect.

Of course, he didn't because it blows his whole argument. One of the rewards for moving on up is you get to be a target for the war on wealth (NYT seems to be leading the charge here).


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