Media Fuss Over 'Income Gap' and 'Out of Control' Pay
If you make more money than I do is that anyone’s problem?
The news media made a big deal out of “income inequality” especially “out of control” CEO pay as NBC’s Carl Quintanilla called it on Oct. 20, 2006 during the “Today” show. Robin Roberts took aim at the same topic: “Now to the golden parachute that has a lot of people seeing red,” during “Good Morning America” on January 4.
But the reports on the income gap missed two alternative perspectives from economists: that the widening income gap is an illusion and that in either case the gap really doesn’t matter. Read the full Business & Media Institute report here.