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How to Decrease Geographic Inequality – an Idea
From 1880 to 1980, the income gap between residents of different states closed steadily each year. Today, that convergence has dissolved almost entirely.27 Ganong and Shoag estimate that America’s midcentury mobility accounted for more than a third of its midcentury drop in income inequality.28 Now it is gone. This is the quiet destruction of an an
... See moreEzra Klein • Abundance
That it takes a disaster scenario or a war to motivate people to gravitate to a location with the highest wages shows economic incentives on their own are often not sufficient to get people to move.