The poor get poorer in Forsyth County; the rich, not so richer.
JLF president John Hood, citing Robert Gordon’s research, discusses some of the myths surrounding the ol’ ‘rich getting richer, poor getting poorer’ mantra so often cited by the left:
Gordon has found that, for many of the most popular explanations of income trends and inequality, the timing doesn’t really work when you examine the data rigorously. In sum, he writes, “The rise of American inequality has been exaggerated in magnitude, and its impact is now largely in the past.”
Are the numbers cited in Forsyth and Winston-Salem that dramatic?