Luck And The 1%

Rock, Economics and Rebuilding the Middle Class | The Business Desk with Paul Solman | PBS NewsHour | PBS:

...As Krueger demonstrates with the music industry, luck can have a lot to do with who rises to the top, and the same is sometimes true of who pulls in the big bucks in our economy, he argues. And just as in the music industry, where the norm for what people are willing to pay for concert tickets has changed, there's been an evolving norm of fairness that, he explains, has skewed the way wealth is distributed in the workplace, therefore exacerbating economic inequality:...