Source: WRAL TECHWIRE, 11/30/21

With the holiday season upon us, it is appropriate that pie is on my mind.  Incidentally, my favorite is lemon meringue.  But today’s column is about a different kind of pie—the economic pie. Economic pie is a term often used to describe the size of the economy. Over time, economists and others track how the economic pie is growing.  The slices of the pie then refer to how individuals share in the aggregate economy and its changing size.  Is everyone’s slice increasing, or do some people get bigger slices while other are stuck with smaller slices.  The formal term for the slices is “income distribution.”

For more of this story, click here.