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Tag Archives: Saez
Outsourcing and Offshoring Help The Income Pump
Krugman points out 2 ways to transfer income upwards – outsourcing and offshoring The process I call The Income Pump switched on in the 1981-82 time frame. Not sure what are all mechanical parts making up that pump, but it … Continue reading
Posted in Economics
Tagged income inequality, Income Pump, Krugman, offshoring, outsourcing, Saez
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Social Inequality – Zero Sum Games
Income shifts out of lower incomes into the upper levels, in a kind of zero sum game There has been an unusual stir in the recent news about the increase of income inequality in the United States. Wealthy households are … Continue reading
Posted in Economics
Tagged income inequality, inequality, James Steewart, median income, new york times, Paul Krugman, Robert Reich, Saez, Wealth
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