Economic Freedom and Income Equality
Below is a four-minute overview by economist Robert Lawson of economic freedom and income inequality.
For students looking for grounds on the negative, supporting equity, Dr. Lawson suggests income inequality in the U.S. is increasing due to unfair regulations that make starting an enterprise harder for lower-income people.
At the same time other state and federal policies are designed to protect existing companies from dynamic competition. As an example, local regulators try to stop Uber and Lyft entrepreneurs in order to protect established taxi companies.