“Inequalities at the bottom of the US wage distribution have closely followed the evolution of thee minimum wage: the gap between the bottom 10 percent of the wage distribution and the overall average wage widened significantly in the 1980s, then narrowed in the 1990s, and finally increased again in the 2000s. Nevertheless, inequalities at the top of the distribution - for example, the share of total wages going to the top 10 percent -- increased steadily throughout this period. Clearly, the minimum wage has an impact at the bottom of the distribution but much less influence at the top, where other forces are at work.”
―
Capital in the Twenty First Century
Share this quote:
Friends Who Liked This Quote
To see what your friends thought of this quote, please sign up!
1 like
All Members Who Liked This Quote
This Quote Is From
Capital in the Twenty First Century
by
Thomas Piketty
32,678 ratings, average rating, 2,606 reviews
Open Preview
32,678 ratings, average rating, 2,606 reviews
Open Preview
Browse By Tag
- love (97329)
- life (75835)
- inspirational (72548)
- humor (43654)
- philosophy (29455)
- inspirational-quotes (26839)
- god (25971)
- wisdom (23532)
- truth (23523)
- romance (22978)
- poetry (22010)
- death (19937)
- happiness (18613)
- life-lessons (18526)
- hope (17803)
- faith (17788)
- quotes (16692)
- inspiration (16473)
- spirituality (15068)
- religion (14834)
- motivational (14801)
- writing (14738)
- relationships (14413)
- life-quotes (14133)
- love-quotes (13788)
- success (13388)
- time (12318)
- motivation (11894)
- science (11615)
- knowledge (11224)