The Income Gap

Abstract

"As the "American Century" draws to a close, the United States appears to be experiencing a decade of extraordinary economic prosperity. Since the early 1990s, economic growth has been steady and robust, inflation near zero, and unemployment rates at a level that most economists would have dismissed as implausibly low just 10 years ago. This record prompted Alan Greenspan, the chair of the Federal Reserve Board, to declare that the economy's current performance is as impressive as it has been at any time during the past half-century"