Growth for Whom?
Economics One-Pager Archive from Levy Economics Institute
In the postwar period, income growth has become more inequitably distributed with virtually every subsequent economic expansion. From 2009 to 2012, while the economy was recovering from one of the biggest economic downturns in recent memory, the top 1 percent took home 95 percent of the income gains. To reverse this pattern, Research Associate Pavlina R. Tcherneva recommends policy strategies to promote growth from the bottom upâ€”to change the income distribution directly by funding employment opportunities in the public, nonprofit, or social entrepreneurial sector.
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