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March 18, 2006

Weekend reading 13

Interesting reading in this blog kept by a doctor who works in Britain's National Health Service.

And via Money magazine:
The Poor Get Richer

Blue-collar workers are making salary gains -- but don't cheer yet.
By Geoffrey Colvin, FORTUNE senior editor-at-large
March 15, 2006: 5:13 PM EST

(FORTUNE Magazine) - I have good news and bad news. The good news is that income inequality in the U.S. -- after 30-plus years of steadily increasing -- may be decreasing. The bad news is why that trend is reversing. It looks like another lesson in how profoundly a globalizing economy is upending what we thought we knew.

Rising income inequality has settled comfortably into America's big economic picture as a reliable--and much lamented--megatrend. Starting around the late 1960s, U.S. incomes started to become more disparate. The trend was remarkably steady. Recessions might slow it down or briefly reverse it, but mostly it just marched on.

Posted by joke du jour at March 18, 2006 07:02 AM

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