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How Elite Professions Feed Inequality

IDEAS Posted: December 23, 2019 12:01 pm

“My explanation is that interest groups that are involved primarily in providing professional services like finance or law or medicine have distorted or corrupted markets. The result is that the members of these groups can charge excessive prices for their services. That’s the main factor driving such high levels of inequality in the United States.” – CityLab

IDEAS Published: 12.19.19

Read the story in CityLab Published: 12.19.19

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