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We look at why economic inequality began soaring in the U.S. four decades ago.

June 5, 2022 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

If you look at historical data on the U.S. economy, you often notice that something changed in the late 1970s or early ’80s. Incomes started growing more slowly for most workers, and inequality surged.

David Gelles — a Times reporter who has been interviewing C.E.O.s for years — argues that corporate America helped cause these trends. Specifically, David points to Jack Welch, the leader of General Electric who became the model for many other executives. I spoke to David about these ideas, which are central to his new book on Welch (and to a Times story based on it).

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