Reich: Income inequality hurts the rich
Jonathan Horn, U-T SAN DIEGO
Monday, April 13, 2015
Kelly Cunningham, economist at the National University System Institute for Policy Research, said more regulation and government is not the way to end income inequality. He said it is far more important to end what he called productivity inequality.
“This suggests if there is anything to be done about income inequality, we should focus on giving people greater capability to provide services which are valued by raising their productivity,” Cunningham said. “Instead of government redistributing wealth or restricting opportunities by mandating businesses pay wages exceeding the workers' productivity and denying on-the-job training, we should remove barriers or restrictions to the market operating as freely and efficiently as possible.”