Rebecca M. Blank offers the first comprehensive analysis of an ecomic trend that has been reshaping the United States over the past three decades: rapidly rising income inequality. In clear language, she provides an overview of how and why the level and distribution of income and wealth has changed since 1979, sets this situation within its historical context, and investigates the forces that are driving it. Among other factors, Blank looks closely at changes within families, including women's increasing participation in the work force. The book includes some surprising findings - for example, that per-person income has risen sharply among almost all social groups, even as income has become more unequally distributed. Looking toward the future, Blank suggests that while rising inequality will likely be with us for many decades to come, it is t an inevitable outcome. Her book considers what can be done to address this trend, and also explores the question: why should we be concerned about this phemen?
Rebecca M. Blank is former Robert Kerr Senior Fellow at the Brookings Institution and former Dean of the Ford School of Public Policy at the University of Michigan. Most recently, she coedited Insufficient Funds: Savings, Asset, Credit and Banking Among Low-Income Households and Working and Poor: How Economic and Policy Changes are Affecting Low-Wage Workers. She is also the author of It Takes a Nation: A New Agenda for Fighting Poverty, among other books.