On Mar 25, 2014, at 9:42 PM, Michael Smith <[email protected]> wrote:

> On Mar 17, 2014, at 3:09 PM, raghu <[email protected]> wrote:
>> 
>> 
>> Well it is true isn't it, that investing in education and skills is a good 
>> way to reduce wage inequalities?
> 
> Is it? Why? Won't it just mean that we have more paupers with 
> PhDs? 

Piketty has lots of fun with that idea. One point he makes: income distribution 
in the U.S. is more unequal than colonial India, but education distribution in 
the U.S. is less unequal.

Doug
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