Inequality has cost the US nearly $23 trillion over the past 30 years

The new research adds to a growing body of literature that seeks to measure the impact of inequality in the US Last year

Inequality in employment, education and earnings has cost the U.S. economy nearly $22.9 trillion over the past 30 years, a sum that is likely to increase as minority populations expand, according to a new paper from economists including San Francisco Federal Reserve President Mary Daly.

“The opportunity to participate in the economy and to succeed based on ability and effort is at the foundation of our nation and our economy,” the authors wrote. “Unfortunately, structural barriers have persistently disrupted this narrative for many Americans, leaving the talents of millions of people underutilized or on the sidelines. The result is lower