Home > Plutonomy, upward income redistribution > USA income redistribution chart 1964 to 2010

USA income redistribution chart 1964 to 2010

from David Ruccio

Screen-Shot-2014-05-29-at-9.16.53-AM

As if to illustrate the point I made the other day (about earnings at the top being themselves distributions of the income captured by capital), Seth Ackerman put together the chart above (from data in Simon Mohun’s recently published article on unproductive labor) comparing the sum of profits and managerial compensation to non-managerial compensation, both as shares of total net income.

Indeed, in a direct rebuttal of the neoclassical marginal-productivity theory of distribution, capital’s share of income has been growing at the expense of labor’s share since the late-1970s.

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  1. Herb Wiseman
    June 3, 2014 at 12:20 pm

    It would be interesting to superimpose or add the debt changes for the country for the same period.

  2. Herb Wiseman
    June 3, 2014 at 12:22 pm

    And then add in the taxes paid by the two groups. My theory is that the tax share paid by the groups will be roughly similar.

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