×
Tyler Cowen, an economics professor at George Mason University in Fairfax, Virginia, and co-author of the economics blog Marginal Revolution, thinks focusing on the top 1 percent when looking at income distribution is misguided. It may matter little if people such as Microsoft co-founder Bill Gates are taking home a greater share of income, as long as the poor are becoming better off in the process, he said. “People worry about the top 1 percent too much; the real question is whether there is opportunity for everyone else,” Cowen said. “Inequality in a meaningful sense has gone down.” - http://www.bloomberg.com/news/2014-08-06/the-1-may-be-richer-than-you-think-research-shows.html