[lbo-talk] downward mobility

Andy andy274 at gmail.com
Wed Sep 14 05:23:45 PDT 2011


http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2011/09/13/the_hourglass_economy

Quoting a WSJ article I don't have access to:

"We now have a Gini index similar to the Philippines and Mexico -- you'd never have imagined that," says Phyllis Jackson, P&G's vice president of consumer market knowledge for North America. "I don't think we've typically thought about America as a country with big income gaps to this extent."

-- Andy



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