Engine of Inequality. Karen Petrou

42. Census Bureau, “Quick Facts: United States,” accessed February 24, 2020, available at https://www.census.gov/quickfacts/fact/table/US/PST045218.

      44 43. National Urban League, Save Our Cities: Powering the Digital Revolution: State of Black America 2018, 42nd edition, 5 (May 2, 2017), available at http://www.ncbw-qcmc.org/uploads/1/0/2/9/102980742/nul-soba2018-executive_summary.pdf.

      45 44. François Bourguignon, The Globalization of Inequality, translated by Thomas Scott-Railton (Princeton: Princeton University Press, 2015).

      46 45. Alvaredo et al., “World Inequality Report,” 131.

      47 46. Ibid., 156.

      48 47. Ibid., 70.

      49 48. Mary C. Daly, Joseph H. Pedtke, Nicolas Petrosky-Nadeau, and Annemarie Schweinert, “Why Aren't U.S. Workers Working?” FRB San Francisco Economic Letter 2018-24 (November 13, 2018), available at https://www.frbsf.org/economic-research/publications/economic-letter/2018/november/why-are-us-workers-not-participating/?utm_source=frbsf-home-economic-letter-title&utm_medium=frbsf&utm_campaign=economic-letter.

      50 49. FRB, “Report on the Economic Well-Being of U.S. Households in 2019,” 15.

      51 50. Jacob Fun Kirkegaard, “Is Denmark the new ‘American dream’?” Peterson Institute for International Economics Realtime Economic Issues Watch (February 21, 2020), available at https://www.piie.com/blogs/realtime-economic-issues-watch/denmark-new-american-dream#_ftn1.

      52 51. FRB “Median value of before-tax family income for families with holdings by percentile of income,” 2016 Survey of Consumer Finances Chart Book, 7 (September 2017), available at https://www.federalreserve.gov/econres/files/BulletinCharts.pdf.

      53 52. FRB, “Median value of net worth for families with holdings by percentile of income,” 2016 Survey of Consumer Finances Chart Book, 43 (September 2017), available at https://www.federalreserve.gov/econres/files/BulletinCharts.pdf

      54 53. FRB, “Median value of before-tax family income.”

      55 54. Ibid.