Five Myths About Inequality: Newsroom: The Independent Institute

Link: http://www.independent.org/newsroom/article.asp?id=4844 (via shareaholic.com)

Myth No 1: Income for the average family has stagnated over the past 30 years.

Myth No. 2: People at the bottom of the income ladder are there through no fault of their own.

Myth No. 3: Government transfer programs, like unemployment insurance, are an effective remedy.

Myth No 4: Raising the minimum wage is an effective remedy.

Myth No. 5: Income is the best measure of wellbeing.