Is It Inequality or Mobility? Neither Economists nor GOP Candidates Can Decide.

“Income inequality and economic immobility are often lumped together, but they shouldn’t be,” George Mason University economist Tyler Cowen wrote in the New York Times on Sunday. “Consider the two concepts positively: Income equality is about bridging the gap between the rich and the poor, while economic mobility is about elevating the poor as rapidly as possible. Finding ways to increase economic mobility should be our greater concern.”