Anatomy of Income and Wealth Inequality in the United States

  • Jan P. Muczyk Cleveland State University & Air Force Institute of Technology, U.S.A.
  • Ronald L. Coccari Cleveland State University & Florida Gulf Coast University, U.S.A.

Abstract

Much has been written recently about the current income and wealth gaps in the U.S. and the causes proffered. They are: how U.S. elections are financed; offshoring of well-paid jobs; excessive executive salaries; decrease in private-sector unionization; inadequate education of the U.S. workforce; and the outsize return on capital. The authors assume that these are merely the visible manifestations of a larger underlying cause — "The Iron Law of Oligarchy." They identify the oligarchs, describe how they rule and the consequences, and propose ways to ameliorate the consequences.
Published
2016-05-03
How to Cite
Muczyk, J. P., & Coccari, R. L. (2016). Anatomy of Income and Wealth Inequality in the United States. Journal of Comparative International Management, 18(2). Retrieved from https://journals.lib.unb.ca/index.php/JCIM/article/view/24544
Section
Articles