The New Myths About Inequality By Arnold Kling

"The Left is gearing up for 2008 with major proposals for government intervention to 'fix' the distribution of income. For example, the Center for American Progress, a liberal think tank, recently proposed raising the minimum wage, giving unions more advantages in the workplace, expanding government's role in child care, and other policies that will be harmful to economic growth, which is the one proven way to raise our standard of living.
In order to build support for this statist agenda, policy wonks and pundits are spreading a set of myths about inequality. We are hearing that incomes are stagnating in middle America, that class mobility is disappearing, and that the political process favors the wealthy. But we should not believe the myths."

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