CS Monitor: Rich-poor gap in America gaining attention

csmonitor.comRich-poor gap in America gaining attention

The income gap between the rich and the rest of the US population has become so wide, and is growing so fast, that it might eventually threaten the stability of democratic capitalism itself. The US now has a significant divergence in the fortunes of different groups in its labor market. "As I've often said, this is not the type of thing which a democratic society - a capitalist democratic society - can really accept without addressing," Greenspan told a congressional hearing.