Jordan Weissmann: U.S. Income Inequality: It's Worse Today Than It Was in 1774Roundup: Media's Take
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
- Letters collection offers unique gimplse into ordeal of Australian aborigines
- War, More Than ISIS, Is Destroying Syria's Ancient Sites
- Pew Poll: Trust in government is at historic lows
- If "The Donald" Said It Happened, It Happened! And Don't You Forget It!
- Solved: the mystery of Britain’s Bronze Age mummies
- Anne Frank Faced Challenges Similar to Syrian Refugees, Richard Breitman Says
- Douglass North, Nobel Prize-winning economics historian, dies at 95
- Craig Shirley says Ted Cruz is right and the Huffington Post wrong about Ronald Reagan’s 1980 Presidential Campaign
- Mystery at Notre Dame: A priest-historian has been forced to back off a project promoting authentic Catholic education
- William & Mary launching a gay history project