A fresh perspective on the myth and the reality of income inequality in the United States.
Ronald Schmidt, professor of business administration at the Simon Graduate School of Business at the University of Rochester, says analysis of IRS data shows a “movement toward less inequality.” Schmidt talks with Bloomberg’s Ken Prewitt and Tom Keene on Bloomberg Radio’s “Bloomberg Surveillance.” Listen here to Ron Schmidt’s interview this morning.
Update: For an exposition of Schmidt’s income inequality argument, click here