Income Mobility. Are the Poor Getting Poorer?

I so often I hear people making the general statement that the poor are getting poorer while the rich are getting richer. While there is a kernel truth to this statement it needs to be examined and dissected to really understand it.

Professor Steven Horwitz, PhD of economics at St. Lawrence University can do a much better job at explaining this than I.

This video is a brief explanation on income mobility. For a more in depth explanation of this topic I have also posted a lecture by Professor Horwitz.

Inequality, Consumption, & Happiness.

 

M.R. Lopez

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