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High earners are better insulated from wage cuts than low earners, as they will tend to have higher net wealth, too. The richest ten percent of households hold net wealth worth 11 times what the highest earners make in a year. How has wealth and income inequality evolved over the past century, and why can making access to education more meritocratic help tackle both problems? http://econ.st/1cNkGX6 | The Economist
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