New research from MIT Sloan reveals first sustained reversal of rising earnings inequality in three decades

CAMBRIDGE, Mass., Oct. 5, 2022 /PRNewswire/ -- Income inequality in the U.S. has stubbornly grown since 1980, hardening class divides, restraining upward economic mobility, and stalling progress on closing the black-white racial wage gap. Traditionally, rising inequality has been hard to reverse since it's driven by structural trends like occupational polarization—a drop in middle skill jobs like construction and manufacturing—and labor union decline, which has removed collective bargaining constraints on wage inequality.