WALMART CAN SOLVE THE INEQUALITY PROBLEM

The problem of income inequality in the US is really three different problems. One is the concentration of income and wealth at the very top-the notorious 1% making more than about $250,000 a year. A second problem is the stagnating incomes of the middlle class, in particular the lower-middle class: those with family income of about $32,000 to $50,000 a year. The third problem is poverty: the 15% of Americans--or about 46 million people--earning less than the poverty line of about $23,500 a year, which is the government's estimate of the minimum amount needed to feed, clothe, and house a family of four. Here, Kinsley discusses how Walmart can solve the inequality problem in the US.