Home > The Economy > Top 0.1%, top 1%, bottom 90%

Top 0.1%, top 1%, bottom 90%

October 23, 2011 Leave a comment Go to comments

from David Ruccio

Below is a chart showing percentage growth in income for three groups in the USA from 1979 to 2007.

  1. Fred Foldvary
    October 23, 2011 at 4:17 pm
    Reply

    The ultimate factors are land and labor. Is the increasing concentration of income due to the capture of the gains by land rent?

  2. Michael
    October 23, 2011 at 4:25 pm
    Reply

    Sure, if you categorize “bargaining power” as land.

  3. john mcdonald
    October 23, 2011 at 5:29 pm
    Reply

    “Now-you-see-it…now-you-don’t” income that is legally tax exempt sure helps with after tax income gains.

  4. Raul Gadea
    October 24, 2011 at 11:59 am
    Reply

    It would also be useful, I think,to have a similar graphic about the benefits of big american corporations that produce outside the USA and sell inside (and worldwide) and the companies that produce and sell inside USA,

  5. Earnest
    October 25, 2011 at 7:09 pm
    Reply

    It’s worrying that incomes aren’t increasing for most people. But people are generally better off now. Life expectancy has increased hugely, for example.

  6. whichfinder
    October 26, 2011 at 11:01 am
    Reply

    Earnest :
    It’s worrying that incomes aren’t increasing for most people. But people are generally better off now.

    It may be “worrying” but hardly surprising; that’s the way capitalism works and, as the graph shows, people aren’t “better off” in any real sense.

    Life expectancy has increased hugely, for example.

    Yes, so they can work for longer for their employers!

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