Former US President John F. Kennedy famously proclaimed that “a rising tide lifts all boats.” In a growing economy, the absolute well-being of those near the top and the bottom are positively correlated, so the most important policies to pursue are those that promote strong economic growth and full employment.
— Read on www.project-syndicate.org/commentary/inequality-and-social-mobility-in-america-by-michael-boskin-2020-10