To find the Two Root Causes of Income Inequality, the following questions had to be answered:
1. Why are corporate profits and stock prices soaring, while the middle class is falling apart?
2. Are new economic measurements needed to measure the health of the US economy - and what are they?
3.Do half (Romney's 47%) of Americans really pay no taxes? What % of their incomes do they really pay in taxes?
4. What is the cause of so much short-term thinking in US business today?
5. Are there really two very different kinds of patriotism - "flag-waving" patriotism and "economic" patriotism - each of which has a very different effect on the middle class and other ordinary (not rich) Americans?
6. Who are the real job creators?
These and many other questions and answers come from a new research lens that takes into account the radical changes in the American economy in last 30 years.
Louis Cohen, an established researcher of 30+ years, tackles these questions and more, using research methods developed during his commercial career, and re-applying them for the benefit of a middle class that is hurting.
Dr. Cohen has also developed a practical single solution to Income Inequality and the other economic problems afflicting the middle class and other ordinary (not rich) Americans.
About the Author: Louis Cohen's undergraduate work was in statistics at the City College of New York, followed by a PhD in psychology at New York University. He taught statistics for a few years and gave seminars to clients. He published a dozen journal articles on the research techniques he developed. He worked as president and principal of a large research company for 11 years.
When Dr. Cohen realized that he would rather do research than serve as president, he sold his interest in the company and started a small research company, Louis Cohen Research, which he ran for 20 years, doing the lion's share of the research projects himself, with a few people for logistics. Clients included such large companies as Johnson & Johnson, NBC, Bristol-Myers, Westinghouse Broadcasting, and RJR Foods.
Cohen has been a news junkie longer than a market researcher, and in his retirement devotes work to timely issues like Income Inequality, Healthcare and Entitlements. There is a good deal of political economics in his current work. The work is fun.
