Please view at the site, 2/3 down for a better reading. Especially take notice of the 'recovery,' the inequality is disgusting!
Table 1. Real Income Growth by Groups, 1993-2010
Average Income Real Growth Top 1% Incomes Real Growth
Bottom 99% Incomes Real Growth Fraction of total
growth (or loss)
captured by top 1%
(1) (2) (3) (4)
Full period
1993-2010 13.8% 58.0% 6.4% 52%
Clinton Expansion
1993-2000 31.5% 98.7% 20.3% 45%
2001 Recession
2000-2002 -11.7% -30.8% -6.5% 57%
Bush Expansion
2002-2007 16.1% 61.8% 6.8% 65%
Great Recession
2007-2009 -17.4% -36.3% -11.6% 49%
Recovery
2009-2010 2.3% 11.6% 0.2% 93%
http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf
Another good read:
It's inequality, stupid
What the great and the good in business will not be discussing at the Davos summit.
Last Modified: 26 Jan 2013 12:35
http://www.aljazeera.com/indepth/opinion/2013/01/201312612182907642.html
DO SOMETHING!
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