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Success Breeds Inequality

The Voorhes

Summary.   

The recovery from the Great Depression of the 1930s was characterized by a degree of social solidarity and a narrowing of the gap between rich and poor. The recovery from the Great Recession of 2007–2009 has been very different. In the United States, for example, the gap between the wage growth of the rich and that of the poor has widened significantly, while the difference in earnings between the most successful firms and the rest has grown dramatically.

A version of this article appeared in the January–February 2019 issue of Harvard Business Review.

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