Thursday, December 13, 2007

A 0.2% Raise Every Year for 25 Years: Why Poor People Feel Hopeless

From Boy, Have We Got an Inequality Problem:

"After-tax income of the bottom 20% grew 6%, or $1,800 over these years (1979-2005, in 2005 dollars); the middle-class gained $11,000, up 21%, over these 26 years. The average income of the top 1%, more than tripled, up 228%, for a gain $781,000."

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