Income Inequality

Here's Russell Roberts take on this poor analysis of a recent study on income inequality:

The disparity between rich and poor is growing in America as the federal minimum wage has remained flat for years, union membership has declined and industries have faced global competition, according to a study released Thursday.

Interesting. Let me try a different first sentence:

The disparity between rich and poor is growing in America as the Red Sox won their first World Series in 86 years, Mars came very close to the earth and the global frog population plummeted.

Indeed, I'm quite baffled by that first sentence as well.