Jordan Weissmann: U.S. Income Inequality: It's Worse Today Than It Was in 1774
Jordan Weissmann is an associate editor at The Atlantic. He has written for a number of publications, including The Washington Post and The National Law Journal.
Here's a finding that would have made for great occupy sign last year: American income inequality may be more severe today than it was way back in 1774 -- even if you factor in slavery.
That stat's not actually as crazy (or demoralizing) as it sounds, but it might upend some of the old wisdom about our country's economic heritage. The conclusion comes to us from an newly updated study by professors Peter Lindert of the University of California - Davis and Jeffrey Williamson of Harvard. Scraping together data from an array of historical resources, the duo have written a fascinating exploration of early American incomes, arguing that, on the eve of the Revolutionary War, wealth was distributed more evenly across the 13 colonies than anywhere else in the world that we have record of.
Suffice to say, times have changed....
comments powered by Disqus
- Earth Is In The Early Days Of A New Mass-Extinction Event, Researchers Warn
- Without World War I, what would literature look like today?
- The Secret to Early Jewish Success: Literacy
- Egypt’s Nasser is blamed for current problems by the regime
- ‘Google must not be left to censor history’ – Wikipedia founder
- Yale's Jay Winter sums up what we should remember about WW I
- Plagiarism scandals galore … but no consequences?
- Stephen Cohen was once considered a top Russia historian. Now he publishes odd defenses of Vladimir Putin, says critic
- Historian who calls bull&%$@ on July 4th parade causes controversy
- This is what motivated history students in high school and middle school can do!