Take a look at this chart, from Bard College economist Pavlina - TopicsExpress



          

Take a look at this chart, from Bard College economist Pavlina Tcherneva. In an August 2013 paper, she wrote An examination of average income growth [in the U.S.] during every postwar expansion (from trough to peak) and its distribution between the wealthiest 10% and bottom 90% of households reveals that income growth becomes more inequitably distributed with every subsequent expansion during the entire postwar period. In other words, the wealthy are capturing more and more of the overall income growth during each expansion period. Notice the sharp drop in the bottom 90 percents share of growth starting with the 1982-1990 period — thanks, Reaganomics! Not only that, but the bottom 90 percent actually saw their real income drop between 2009 and 2012. washingtonpost/blogs/wonkblog/wp/2014/09/25/this-depressing-chart-shows-that-the-rich-arent-just-grabbing-a-bigger-slice-of-the-income-pie-theyre-taking-all-of-it/
Posted on: Mon, 29 Sep 2014 21:01:41 +0000

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