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matter and why? it s not so much the level of inequality, but much of the income growth over the past few years has gone to the very top sliver of people and people in the vast middle haven t done very well whatsoever. that s the problem, as far as i can see. and so the consequence of that is what? why should we care broadly? what about the argument that even though inequality is up, people s consumption standards are actually going up as well. let me show, we have an interesting graph or quote from the economist. the economist said, this was not too long ago, you no longer need to be a inadvertevanderbila refrigerator tor or a car. refrigerators are all but universal in america, even though refrigerator inequality continues to grow. i don t think it s much of an

Income growthMiddle haven tConsumption standardsThe economistInadvertevanderbila refrigerator torRefrigerator inequality