Must-Read: : Branko Milanovic's New Approach to Global Inequality: "Convergence and Divergence Across Nations Reinforced or Damped by Kuznets Waves within Nations...
...Global inequality can be broken down into inequality between countries (btw US & Mexico) & within them (among US citizens). Within-country inequality is driven by “Kuznets waves” & between country by economic growth convergence. Real income growth has been quite strong for the global middle class (Vietnam, China, etc), but weak for 80th-90th percentile (US lower MC).... Migration is the most powerful tool for the reduction of global poverty and inequality
https://storify.com/delong/branko-milanovic-s-new-approach-to-global-inequali
