Summary Of The Upside Of Income Inequality

In The Upside of Income Inequality by Gary Becker and Kevin Murphy, they discuss multiple ways that the pay difference is beneficial to people. Becker and Murphy deliberate on how the difference in pay has led to economic growth, more people seeking higher education, and how minorities have been effected. Right away Becker and Murphy delve into how China’s income inequality rose when they went through major economic development. There were people who were worried about the rising income inequality in the United States but as Becker and Murphy state “Politicians and many others in the United States have grown concerned that earnings inequality has increased among Americans. But as the example of China—or India, for that matter—illustrates,