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Income inequality gap grows
By Byron McNutt

THE PAY STRUCTURE of the professional sports leagues, such as the NFL, the NBA and the MLB, seem to be a microcosm of the overall U.S. economy. That being the rich get richer at the expense of the middle class. The top 1 percent get a disproportionate share of the pie.

U.S. income inequality has been growing for nearly three decades, according to IRS figures studied by University of California-Berkeley economists. I’ll get back to pro sports comparison a little later.

There seems to be a growing resentment in America about this income inequality. A successful economic system works best when the middle class is healthy and growing.

That is not the case today. We should be concerned

Tuesday, September 24, 2013 5:18 PM
 

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