Shifting inequalities (Sowell)
February 29th, 2008 | Published in Business, Morality, Work, Economics, Quotes
While the growing importance of skills tended to reduce economic inequalities between the sexes, it tended to increase the inequality between those with and without skills. Moreover, rising earnings in general, growing out of a more productive economy with more skilled people, tended to increase the inequality between those who worked regularly and those who did not.
—Thomas Sowell, Basic Economics (3rd Edition, Basic Books, 2007), p. 196.