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Chicago Sun-Times
Chicago Sun-Times
National
David Lay Williams

Economic inequality is getting worse, and it’s a threat to our republic

Inequality Plato DePaul DePaul University US Federal Reserve America SunTimes
A case manager from a social service agency offers supplies to individuals at a homeless encampment near North Green and West Kinzie streets on Jan. 19, 2022. America’s growing inequality is a threat to the republic, a DePaul political science professor writes. (Ashlee Rezin/Sun-Times)

Several weeks ago, on Oct. 31, the Employment Cost Index reported a welcome rise in wages for American workers: an increase of 1.2% just between June and September.

This echoes a report by the Federal Reserve Board that the average net wealth of an American household exceeded $1 million for the first time in American history.

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