Home > upward income redistribution > 4 charts showing increasing inequality in the USA

4 charts showing increasing inequality in the USA

from David Ruccio

Let’s end the year with some important charts assembled by Steven Rattner.

Yes, economic growth picked up and financial markets soared to new record highs. But—and it’s a big but—wages remained stagnant (barely budging in real terms), income inequality got worse (increasing from already grotesque levels), the tiny minority at the top made out like bandits (just as they were doing before 2007), and government programs (even with a Democratic president and Senate) did little to ameliorate the effects of stagnant wages and growing inequality. 

wages-2014

inequality-2104

top-2014

government-2014

That’s what 2014 looked like in the United States. And nothing about 2015 looks to change those trends.

  1. January 5, 2015 at 11:51 am

    any data on France?

  2. January 5, 2015 at 6:10 pm

    Whatever is happening to us David, is happening within the framework of a greater game plan. One that doesn’t favor the average individual. That’s the understanding that is missing from all this dialogue. When I read it, I’m reminded of the financial analysis that I hear on CNN and the other television stations with regard to the cause of current conditions. “This fluctuation in the market is due to the uneasiness of investors regarding this, or this or this, and etc. Our best advice is to just stay the course.” Why? Because you will suffer less by doing so than if you were invested elsewhere, even though more and more equity is being sucked out to the market by those manipulating it, reducing your position. That’s the nice thing about low interest rates. It gives the investor (suckers) legitimate cause to stay in the game and be taken advantage of.

    Commentators and economists are always sucking “hind tit” in this equation, trying to make sense out of things from one perspective while the cause for what they see is actually driven by another. And don’t be fooled here, this is exactly what the elite want, everybody, reacting to what to what they do. If anything is going to turn around in this unjust equation, we need to seize the bull by the horns and figure out a way to make it happen. And, it doesn’t come through voting, the other big lie perpetrated on the public. Both candidates are already bought and paid for long before the public gets to select one off the back of negative campaign advertising.

    Some of my colleagues believe that I am wasting my time preaching to the deaf, dumb and blind. However, I still maintain that everyone has something important to contribute to making a difference. So, I will ask again. Can we please come together here and try to figure out a tangible way to make a real difference in this world, before it is too late?

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