Commerce Department to develop stats on income inequality
The Commerce Department is developing a methodology for compiling and publishing regular statistics on inequality and plans to publish its prototype measures in 2020.
“We’re making real progress in getting the federal government to start providing regular measurements of income inequality,” said Rep. Carolyn Maloney (D-N.Y.), who announced the move at a hearing on inequality. Commerce Secretary Wilbur Ross confirmed the moves in a letter to Maloney, who is vice chair of the Joint Economic Committee.
“Secretary Ross’s letter was the first firm commitment we’ve seen from this Administration to start publishing this kind of data,” she said.