Reframing Income Inequality
June 11, 2016
Ryan Young, CEI fellow and co-author of two new major studies—“People Not Ratios: Why the Debate over Income Inequality Asks the Wrong Questions” and “The Rising Tide: Answering the Right Questions in the Inequality Debate”—draws the crucial distinction between absolute and relative poverty and celebrates market economies as the greatest poverty reducer in history. Young encourages anti-poverty advocates to seek to raise the economic floor rather than lower the ceiling by expanding opportunity. He touts reforms like ending restrictive occupational licensing in order to foster sustainable economic development.
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