Must-Read: Heather Boushey and Kavya Vaghul: Working Mothers with Infants and Toddlers and the Importance of Family Economic Security

Must-Read: If an intelligence vast, warm, and sympathetic from a planet orbiting a distant star were to scrutinize the United States today, it would be puzzled. Raising the next generation is one of two or three most important tasks any civilization that is going to survive must perform. Arranging society so that the proper resources are devoted to one task is thus one of the principal problems that any non-dysfunctional societal socio-economic system must address. Yet there has been a sharp drop over the past generation in the share of society’s resources that flow to mothers of young children either through within-household or within-kin group transfers from those who have not given birth or through entitlements–e.g., AFDC–provided by society as a whole, with SCHIP and the expansion of EITC being the only factors cushioning the impact of other social and economic changes.

An intelligence vast, warm, and sympathetic from a planet orbiting a distant star would probably conclude that we have, collectively, gone mad in our decision that the raising of young children is a less important part of the collective work of society than was previously held to be the case:

Heather Boushey and Kavya Vaghul: Working Mothers with Infants and Toddlers and the Importance of Family Economic Security: “WOver the past four decades in United States, the composition of families with children has changed markedly…

…Most importantly, there is an increase in diversity of family types. There is no longer a dominant ‘typical’ family, especially not one with a breadwinning father, a care-taking mother, and their dependent children…. Marriage (if it happens at all) happens later in life, and the median age of first marriage is now 29 for men and 27 for women…. The typical woman has her first child now at age 26. Further, children are increasingly being born into families with unmarried parents; in 2014, 40.3 percent of all births in 2014 were to an unmarried mother…. It used to be that most children were raised in married-couple families, be they at the top or the bottom of the income ladder. Now, however, while families at the top continue to raise children inside marriage—typically with both parents holding down a fairly high-paying job—children in families at the bottom of the income distribution—and now many in the middle—are living with a single, working parent, most often a mother…

Must-Read: Judith Shulevitz: How to Fix Feminism

Must-Read: Judith Shulevitz: How to Fix Feminism: “IN an important new book, ‘Finding Time’…

…Heather Boushey argues that the failure of government and businesses to replace the services provided by ‘America’s silent partner’–the stay-at-home wife–is dampening productivity and checking long-term economic growth. A company that withholds family leave may drive away a hard-to-replace executive. Overstressed parents lack the time and patience to help children develop the skills they need to succeed. ‘Today’s children are tomorrow’s work force,’ Ms. Boushey writes. ‘What happens inside families is just as important to making the economy hum along as what happens inside firms.’

Knowing that motherhood can derail a career, women are waiting longer and longer to have children…. I recently got into an argument with a professor friend about the plausibility of restructuring higher education and the professions so that women–and men–wouldn’t have to hustle for positions like partner or associate professor just as they reach peak fertility. Many universities, I said, now stop the tenure clock for a year when assistant professors have children. My friend laughed. A year is nothing when it comes to a baby, she said. She’d never have won tenure if she’d had her son first. I didn’t know what to say. At least she had a child, unlike friends who waited until too late….

What if child-rearing weren’t an interruption to a career but a respected precursor to it, like universal service or the draft?… American families, particularly low-income families, can’t do without a double income, given wage stagnation and the cost of children in a country that won’t help parents raise them. But having to work should not be confused with wanting to work…. Marissa Mayer, now chief executive of Yahoo, reported that when she was in Google’s employ, she slept under her desk, one disgusted feminist, Sarah Leonard, wrote, ‘If feminism means the right to sleep under my desk, then screw it.’… Feminism… should not mean… a politics of the possible. We’re fighting for 12 weeks of leave when we need to rethink the basic chronology of our lives…


This is, I would note, what Larry Summers said eleven years ago we should think very hard about, as an economy, as a society, and as a culture:

Larry Summers (2005): Remarks at NBER Conference on Diversifying the Science & Engineering Workforce: “[In] major corporations… [at] large law firms… [in] prominent teaching hospitals, and… [in] other prominent professional service organizations, as well as… in higher education…

…the story is fundamentally the same. Twenty or twenty-five years ago, we started to see very substantial increases in the number of women who were in graduate school in this field. Now the people who went to graduate school when that started are forty, forty-five, fifty years old. If you look at the top cohort in our activity, it is not only nothing like fifty-fifty, it is nothing like what we thought it was when we started having a third of the women, a third of the law school class being female, twenty or twenty-five years ago. And the relatively few women who are in the highest ranking places are disproportionately either unmarried or without children, with the emphasis differing depending on just who you talk to…. That is a reality…. What does one make of that?…

Speaking completely descriptively and non-normatively… the most prestigious activities in our society expect of people who are going to rise to leadership positions in their forties near total commitments to their work… a large number of hours in the office… a flexibility of schedules… a continuity of effort…. That is a level of commitment that a much higher fraction of married men have been historically prepared to make than of married women. That’s not a judgment about how it should be…. That expectation is meeting with the choices that people make and is contributing substantially to the outcomes that we observe….

What fraction of young women in their mid-twenties make a decision that they don’t want to have a job that they think about eighty hours a week? What fraction of young men make a decision that they’re unwilling to have a job that they think about eighty hours a week?… That has got to be a large part of what is observed.

Now that begs entirely the normative questions…. Is our society right to expect that level of effort from people who hold the most prominent jobs? Is our society right to have familial arrangements in which women are asked to make that choice and asked more to make that choice than men? Is our society right to ask of anybody to have a prominent job at this level of intensity?…

To buttress conviction and theory with anecdote, a young woman who worked very closely with me at the Treasury and who has subsequently gone on to work at Google highly successfully, is a 1994 graduate of Harvard Business School. She reports that of her first year section, there were twenty-two women, of whom three are working full time at this point. That may, the dean of the Business School reports to me, that that is not an implausible observation given their experience with their alumnae…

Must-Read: Heather Boushey: Investing in Early Childhood Education Is Good for Children and Good for the Economy

Must-Read: Ross Douthat’s citations here are to journalist Joe Klein’s 2011 unprofessional trashing of Head Start and Republican Tennessee political Kevin Huffman, plus Baker, Gruber, and Milligan (2008) and Lipsey, Farran, and Hofer (2015). These are not the four citations that anybody would choose who is not actively attempting to misrepresent the state of knowledge about early childhood education programs.

This is one of the many, many things that makes me think that the New York Times does not have a long-run future. Its only possible edge is to develop a reputation as a disinterested information intermediary as the legacy position it had gained as a result of its role as central place for upper-class New York print ads ebbs. Things like this make developing such a reputation materially harder.

Smart New York Times executives would kill the op-ed page and give its budget and its newshole to David Leonhardt to fill, and then back off and let him do his thing. But these are the executives who let Nate Silver walk at least in part because of the political staff. As Nate said:

This guy Jim Rutenberg…. Jim Rutenberg and I were colleagues at the New York Times in 2012 when 538 was part of the New York Times. They were incredibly hostile and incredibly unhelpful to 538, particularly when 538 tried to do things that blended reporting with kind of more classic techniques of data journalism…. When we went to New Hampshire… the New York Times political desk is literally giving us the cold shoulder like it’s some high school lunchroom…. We filed the story pointing out… that Rick Santorum had probably won the Iowa Caucus, a story that involved a combination of data work and reporting…. They were apoplectic because their Romney sources were upset…. A story that… got things totally right pissed them off because they didn’t get the scoop and it went against what their sources wanted…

But the executives aren’t that smart…

Heather Boushey protests about the lack of journalistic quality control here:

Heather Boushey: Investing in Early Childhood Education Is Good for Children and Good for the Economy: “Ross Douthat used his New York Times column to express frustration that hoping for a “substantive debate about domestic policy” in this presidential election year is “delusional”…

…He imagines a scene from a future debate between… Hillary Clinton and… Donald Trump… over the benefits of early childhood education. Douthat even added several hyperlinks… links that alas fall short on revealing where the evidence actually stands today….

Randomized control trials that follow children from pre-school through adulthood… children who participate… do better in school, are more likely to attend and graduate college, and are less likely to smoke, use drugs, be on welfare, or become teenage mothers… the Carolina Abecedarian Study… the Milwaukee Project… Project STAR… Raj Chetty and his co-authors find that kindergarten test scores are highly correlated with outcomes at age 27, such as college attendance, home ownership, and retirement savings. Like in the Perry Preschool/High Scope study, in Project STAR, researchers found that while the cognitive effects on test scores fade as a child ages, the non-cognitive effects did not. Of course, not every study found such results… the Early Training Project….

Overall, though, the evidence points to the conclusion that investing in early childhood is important for future outcomes both for the children themselves and our economy more generally. If columnists provide hyperlinks to real-life academic studies to buttress fantasy debates between the two presidential candidates, they should at least point to the best studies available. In this case, the preponderance of evidence shows that early childhood education works for the children, their families, and the broader U.S. economy.

Must-read: Heather Boushey and Kavya Vaghul: “Women have made the difference for family economic security”

Must-Read: Heather Boushey and Kavya Vaghul: Women have made the difference for family economic security: “The steady movement of women into the U.S. workforce over the past half-century…

…has dramatically changed the composition of family incomes…. Even as more women have joined the labor force and families have lost their time for caregiving, too many families’ continue to face economic insecurity…. Over the past four decades, women’s increased earnings and increased annual hours of work have been essential as families across the United States seek to find and maintain economic security….
This analysis is an extension and update of the analysis presented in the forthcoming book ‘Finding Time: The Economics of Work-Life Conflict’ authored by… Heather Boushey….

Between 1979 and 2013, on average, low-income families in the United States saw their incomes fall by 2.0 percent. Middle-income families, however, saw their incomes grow by 12.4 percent, and professional families saw their incomes rise by 48.8 percent. Over the same time period, the average woman in the United States saw her annual working hours increase by 26.4 percent…

Must-Read: Heather Boushey: Home Economics

Must-Read: Heather Boushey: Home Economics: “American businesses used to have a silent partner…

…the American Wife. She made sure the American Worker showed up for work well rested (he didn’t have to wake up at 3 a.m. to feed the baby or comfort a child after a nightmare), in clean clothes (that he neither laundered nor stacked neatly in the closet), with a lunch box packed to the brim with cold-cut sandwiches, coffee, and a home-baked cookie. She took care of all the big and small daily emergencies that might distract the American Worker from focusing 100 percent on his job while he was at work…. For decades, the American Wife gave American businesses a big, fat bonus….

This unspoken yet well-understood business contract is now broken. Moreover, it doesn’t look like we’re going back to it anytime soon. Nor should we. American families look different today. Wives—and women more generally—work outside the home because they need to and because they want to…

Must-read: Heather Boushey: “Finding Time”

Must-Read: Heather Boushey: Just a few more months until my book, “Finding Time,” about the economics of work-life conflict, arrives: “I have some news that I’m excited to share…

…My book will be in the Harvard University Press Spring 2016 catalog. Here’s the jacket blurb:

Employers today are demanding more and more of employees’ time. And from campaign barbecues to the blogosphere, workers across the United States are raising the same worried question: How can I get ahead at my job while making sure my family doesn’t fall behind?

Heather Boushey argues that resolving work-life conflicts is as vital for individuals and families as it is essential for realizing the country’s productive potential. The federal government, however, largely ignores the connection between individual work-life conflicts and more sustainable economic growth. The consequence: business and government treat the most important things in life—health, children, elders—as matters for workers to care about entirely on their own time and dime. That might have worked in the past, but only thanks to a hidden subsidy: the American Wife, a behind-the-scenes, stay-at-home fixer of what economists call market failures. When women left the home—out of desire and necessity—the old system fell apart. Families and the larger economy have yet to recover.

But change is possible. Finding Time presents detailed innovations to help Americans find the time they need and businesses attract more productive workers. A policy wonk with working-class roots and a deep understanding of the stresses faced by families up and down the income ladder, Heather Boushey demonstrates with clarity and compassion that economic efficiency and equity do not have to be enemies. They can be reconciled if we have the vision to forge a new social contract for business, government, and private citizens.

Job quality matters: How our future economic competitiveness hinges on the quality of parents’ jobs

Being the parent of young children in the United States today is no easy task. Many have to juggle multiple jobs with unpredictable hours—single-parent and two-income families alike—and whether wealthy or poor, the question of childcare is ever present. Only adding to this stress is the growing evidence of the importance of the years between conception and kindergarten for a child’s development. No wonder parents, and particularly mothers given their traditional role as the primary caregiver and increasingly as breadwinner, are so concerned about how to balance work and raise their young children.

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The findings of many new studies on the importance of children’s early years for future outcomes should give pause to parents and policymakers. As this paper documents, the research shows that children’s kindergarten skill levels are correlated with their subsequent success (or failure) in the job market as adults, even accounting for the quality and quantity of elementary, secondary, and post- secondary schooling.1 An even more worrisome finding is that experiencing stress during childhood or adolescence (such as experiencing a parent working a low- quality job—or worse—losing a job) can negatively affect mental and physical health, and educational attainment and have lasting effects into adulthood.2

No wonder harried working mothers and fathers, up and down the income ladder, report conflicts between their job and meeting their children’s needs. Our work- place policies largely fail to help the majority of working parents—a substantial majority of whom lack the income to compensate for the lack of family-friendly workplace policies in our nation. In 2013, only 61 percent of private-sector workers had employer-provided paid sick days and only 12 percent had access to employer-provided paid family leave.1 Access to workplace flexibility policies is also extremely limited: in 2011, only half of workers had access to flexible hours policies and about one quarter of workers had access to flexible location policies.4

Low-income workers have even more limited access to policies to help them address conflicts between earning a living and caring for the next generation. Too many families rely on a fragile patchwork of familial and non-relative care to try to balance the demands of work and home.5  In a 2000 study of low-income working parents, the majority of parents reported that they did not expect to be able adjust their work schedules or create arrangements to better balance work and family, other than through finding another job.6

 In short, the structures of our workplaces today do not at all match the needs of working parents or their children. This crisis in the home is not just a private problem—it is one of national importance. In not meeting the needs of today’s children, we risk a lower-productivity future, which will have serious implications for our nation’s economic growth.

Economists have long argued that human capital, that is, the level of skills, education, and talents of the potential workforce, is one of the most important factors in deter- mining economic growth.7  Human capital has long been the engine powering our nation’s global competitiveness. Yet, growing evidence suggests that the United States is falling behind other countries in terms of skill acquisition. New data from the Organisation for Economic Co-Operation and Development found that across 34 developed countries, U.S. teenagers rank 17th in reading, 21st in science, and 26th in math.8

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In the national debate over how to improve skills of the U.S. workforce, economists and policymakers are looking to early childhood and finding compelling evidence that the early years matter far more than we previously understood. Economists traditionally measure human capital in terms of educational attainment or levels of training, but this may overstate the importance of post-secondary education.9  This is not to say that later investments are not important, but that recent research in economics points to the conclusion that, in order to improve our nation’s economic growth and competitiveness, policymakers must also focus on early childhood.10

 Early childhood is so important because this is when we acquire what economist and Nobel laureate James Heckman terms “non-cognitive” skills, also known as “soft skills,” which are both important on their own as well as provide the foundation for later skill acquisition.11 Non-cognitive skills are skills that are not specifically intellectual or analytical in nature, such as a child’s perseverance or ability  to get along with others. By and large, these soft skills are learned from primary caregivers very early in life—be they mom and dad, grandparents, childcare professionals, some combination of these role models, or sadly sometimes hardly anyone at all. This is why it is so important for our society and our policymakers tounderstand the largely under-explored issue of children’s widely differing early childhood experiences due to changes in inequality and the kinds of jobs in which their parents are engaged.

Two interrelated trends define the economic experience of families over the past 50 years. First, families have altered the way they work and care for children. Most children no longer have a full-time, stay-at-home parent, which means that where and how children spend their days are markedly different compared to a generation or two ago.12  The typical American middle-income family put in an average of 11 more hours a week at work in 2007, just before the start of the Great Recession, than it did in 1979 and, in 2010, fewer than one third of children lived in a family with a full-time stay-at-home parent.13 Abundant economics research has explored the effects of greater maternal employment and the quality of childcare on children’s outcomes, but we know much less about how the quality—and flexibility—of parents’ jobs interacts with these processes. What we do know from the research points to the conclusion that parental job quality, including the ability to have some control over when work happens, is a very important issue.

Second, the United States has seen a sustained rise in economic inequality, widening the gap between low-and high-incomes to unprecedented levels.14 As has been well documented, inequality in the United States has taken the form of the top pulling apart from the rest of the income distribution, with little income gains for the bottom 90 percent of families.15  This means that while some children have access to immense resources, others lack access to the resources they need to be fully productive members of our society and economy. Just as importantly, high inequality is associated with greater divergence in access to high-quality jobs— those that pay good wages, offer stable and predictable schedules, and provide benefits that allow workers to address conflicts between work and family.16 This means that low-income children are experiencing the double-whammy of less income just as their parents cope with less control over their time to provide care.

This report examines what is known about the importance of early childhood for the development of human capital, then turns to what we know about the effects of family income, employment patterns, and job quality on children’s development. We find that job quality, especially control over schedules and access to benefits that allow workers to address conflict between work and family, is an under-examined issue in the economics literature. However the research that does exist shows that this is an important issue to include in our policy agenda to improve children’s outcomes.

Briefly, here is what we discovered:

 

  • The time parents spend with their child affects the child’s cognitive and non-cognitive development, with strong effects during a child’s earliest years.

 

 

  • Mothers’ movement into the workplace and the rise in income inequality means there is a growing divergence across families in terms of resources that parents can devote to their children.

 

 

  • Money matters. Parents’, and particularly single mothers’, access to well-paying work has real impacts on child outcomes through a variety of mechanisms. Perhaps most significantly, access to quality childcare is highly dependent on income.

 

 

  • The level of stress among parents due to juggling work and family responsibilities has a direct effect their child’s development.

 

 

  • Most working parents have limited or no access to work-family policies such as workplace flexibility, paid leave, and paid sick days and those who do are more likely to be from higher income families. These policies help parents address conflicts between work and home, with real implications for parenting and children’s outcomes.

 

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All of these factors have a direct impact not only on the future human capital available in our country, but also, by extension, the productivity of our economy in the decades ahead.A key conclusion of this paper is that we need to better understand the links between developing our children’s human capital and the quality of their parents’ jobs, including wages, the ability to have some control or flexibility on hours or scheduling, and the stress that they experience and bring home from work. One thing is very clear: our future economic competitiveness depends on getting this right.

 


1      Almond, Douglas, and Janet Currie. Human Capital Devel- opment Before Age Five. NBER Working Paper. Cambridge, MA: National Bureau of Economic Research, 2010. http:// www.nber.org/papers/w15827.pdf.

2      National Scientific Council on the Developing Child. Excessive Stress Disrupts the Architecture of the Developing Brain. Working Paper. Cambridge, MA: Harvard University, Center on the Developing Child, June 2009; Strazdins, Lyndall, Megan Shipley, Mark Clements, Léan V. Obrien, and Dorothy H. Broom. “Job Quality and Inequality: Parents’ Jobs and Children’s Emotional and Behavioural Difficulties.” Social Science & Medicine 70, no. 12 (2010): 2052–60. doi:10.1016/j.socscimed.2010.02.041; Kalil, Ariel,and Ziol-Guest, Kathleen M. “Single Mothers’ Employment Dynamics and Adolescent Well-Being.” Child Development 76, no. 1 (2005): 196–211.

3      U.S. Bureau of Labor Statistics. “Table 32. Leave Benefits: Access, Private Industry Workers, National Compensation Survey, March 2013.” U.S. Department of Labor, 2013. http://www.bls.gov/ncs/ebs/benefits/2013/ownership/ private/table21a.pdf.

4      Glynn, Sarah Jane. Working Parents’ Lack of Access to Paid Leave and Workplace Flexibility. Washington, DC: Center for American Progress, November 2012. http://cdn. americanprogress.org/wp-content/uploads/2012/11/ GlynnWorkingParents-1.pdf.

5      Williams, Joan C., and Heather Boushey. The Three Faces of Work-Family Conflict: The Poor, the Privileged, and the Miss- ing Middle. Washington, DC: Center for American Progress and the Center for WorkLife Law, University of California, Hastings College of the Law, 2010.

6      Dodson, Lisa, Tiffany Manuel, and Ellen Bravo. Keeping Jobs and Raising Families in Low-Income America: It Just Doesn’t Work. Radcliffe Institute for Advanced Study, 2002.

7      DeLong, J. Bradford, Claudia Goldin, and Lawrence Katz. “Sustaining U.S. Economic Growth.” In Agenda for the Nation, edited by Henry J. Aaron, James M. Lindsay, and Pietro S. Nivola. Washington, DC: The Brookings Institution, 2003; Mankiw, N. Gregory, David Romer, and David N. Weil. “A Contribution to the Empirics of Economic Growth.”The Quarterly Journal of Economics 107, no. 2 (1992): 407–37; Barro, Robert, and Jong-Wha Lee. “Educational Attainment in the World, 1950-2010.” Vox, 2010. http://www.voxeu.org/index.php?q=node/5058.

8      Organization for Economic Co-Operation and Development. PISA 2012 Results: What Students Know and Can Do: Student Performance in Mathematics, Reading and Science (Volume I). Revised edition. OECD Publishing, 2014. http://www.oecd.org/pisa/keyfindings/pisa-2012-results- volume-i.htm.

9      Heckman, James J., and Lakshmi K. Raut. Intergenerational Long Term Effects of Preschool – Structural Estimates from a Discrete Dynamic Programming Model. NBER Working Paper. National Bureau of Economic Research, May 2013. http://www.nber.org/papers/w19077.

10   On the importance of later interventions, see, for example: Heller, Sara, Harold A. Pollack, Roseanna Ander, and Jens Ludwig. Preventing Youth Violence and Dropout: A Randomized Field Experiment. Working Paper. National Bureau of Economic Research, May 2013. http://www.nber.org/papers/w19014.

11   Heckman, James J. Schools, Skills, and Synapses. Working Paper. National Bureau of Economic Research, June 2008. http://www.nber.org/papers/w14064.

12   Boushey, Heather. “The New Breadwinners.” In The Shriver Report: A Woman’s Nation Changes Everything, edited by Heather Boushey and Ann O’Leary. Washington, DC: Center for American Progress, 2009.

13   Mishel, Lawrence, Josh Bivens, Elise Gould, and Heidi Shierholz. “Table 2.18 – Annual Hours Worked by Married Men and Women Age 25-54 with Children, by Income Group, Select Years, 1979-2010.” In The State of Working America, 12th ed. Ithaca, NY: Cornell University Press, 2012; Glynn, Sarah Jane. The New Breadwinners: 2010 Update. Washington, DC: Center for American Progress, 2012.

14   Piketty, Thomas, and Emmanuel Saez. “Income Inequality in the United States, 1913–1998.” The Quarterly Journal of Economics 118, no. 1 (February 2003): 1–39.

15   See: Saez, Emmanuel. Striking It Richer: The Evolution of Top Incomes in the United States (Updated with 2012 Preliminary Estimates). Berkeley, CA: University of California – Berkeley, September 2013. http://elsa.berkeley. edu/~saez/saez-UStopincomes-2012.pdf; Mishel, Lawrence, Josh Bivens, Elise Gould, and Heidi Shierholz. “Figure 4H – Cumulative Change in Real Annual Wages, by Wage Group, 1979-2010.” In State of Working Amer- ica, 12th Edition. Ithaca, NY: Cornell University Press, 2012. http://www.stateofworkingamerica.org/chart/ swa-wages-figure-4h-change-real-annual-wages/.

16  Schmitt, John, and Janelle Jones. Bad Jobs on the Rise. Washington, DC: Center for Economic and Policy Research, September 2012. http://www.cepr.net/docu-ments/publications/bad-jobs-2012-09.pdf; Schmitt, John, and Janelle Jones. Making Jobs Good. Washington, DC: Center for Economic and Policy Research, April2013.  http://www.cepr.net/documents/publications/good-jobs-policy-2013-04.pdf; Williams, Joan C., and Heather Boushey. The Three Faces of Work-Family Conflict: The Poor, the Privileged, and the Missing Middle.

Morning Must-Read: Heather Boushey: On Thomas Piketty

Heather Boushey: On Thomas Piketty: “Has Piketty convinced us that ‘The past tends to devour the future’…

…[that] we are likely to see ever-increasing inequality unless we take action?…. Piketty’s predictions hinge on a few assumptions…. Policy makers in developed-country democracies obviously have the ability to raise tax rates, but for Piketty the assumption they will not is useful, as it establishes the outer bound on the rate of return if policymakers choose to eliminate all capital taxes…. Piketty provides a convincing case that there is nothing natural about equitable growth…. I agree with Piketty that we should worry whether income inequality is calcifying into wealth inequality. I am far less concerned about whether his predictions about the rate of return on capital or the rate of growth are precisely true…. I’m living in the here and now, where the top 1 percent take home an astonishing 22 percent of total national income, leaving too many unable to tap into the benefits of economic growth. This is not a sustainable system… not good for the economy… either.