The Permanent Problem

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The Declining Leverage and Status of Ordinary People

brinklindsey.substack.com

The Declining Leverage and Status of Ordinary…

Brink Lindsey
Oct 11, 2022
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Share this post

The Declining Leverage and Status of Ordinary People

brinklindsey.substack.com

Discussion of the widening class divide tends to focus on money — the top 1 percent’s share of total income, trends in median income, wealth inequality, intergenerational mobility, and so on. The preoccupation is understandable: economics is preeminent among the social sciences in prestige and influence, and economists naturally look to economic indicators. But if you examine contemporary socioeconomic inequality through a purely economic lens, you will fail to see the true depths of the problem.

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