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Back to To the Point

To the Point

Is Economic Recovery Increasing Economic Inequality?

Today's Dow Jones Industrial Average jumped over yesterday's record high. It's a "golden age" for corporate profits, which are the largest share of the economy since 1950. But the portion that goes to employees is close to the lowest since 1966.

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By Warren Olney • May 12, 2014 • 1 min read

Today's Dow Jones Industrial Average jumped over yesterday's record high. It's a "golden age" for corporate profits, which are the largest share of the economy since 1950. But the portion that goes to employees is close to the lowest since 1966. Both liberal and conservative economists are worried because the gap between the rich and the poor is growing so fast. The gap is also alarming Democrats — and some Republicans. Eighty-five billion dollars in federal sequestration could increase unemployment by 700,000 jobs without making a dent in the markets or corporate earnings. How much is the Obama Administration to blame? Is there a potential fix that might appeal to partisans on both sides?

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    Warren Olney

    former KCRW broadcaster

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    Anna Scott

    Former KCRW Housing and Homelessness Reporter

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    Kerry Cavanaugh

    editorial writer at the Los Angeles Times

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    Evan George

    Director of Content, News

  • KCRW placeholder

    Nelson Schwartz

    New York Times

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    Sheila Bair

    Federal Deposit Insurance Corporation

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    Tom Donlan

    Barron's

    NewsNationalPolitics
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