by very much—or even improve such incentives.

BRING IT HOME

Occupy Wall Street
The Occupy movement took on a life of its own over the last few months of 2011, bringing to light issues that many

people faced on the lower end of the income distribution. The contents of this chapter indicate that there is a

significant amount of income inequality in the United States. The question is: What should be done about it?

The 2008-2009 Great Recession caused unemployment to rise and incomes to fall. Many people attribute the

recession to mismanagement of the financial system by bankers and financial managers—those in the 1% of the

income distribution—but those in lower quintiles bore the greater burden of the recession through unemployment.

This seemed to present the picture of inequality in a different light: the group that seemed responsible for the
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