Inequality
February 24th, 2008 Chris Posted in Uncategorized |
These three graphs say a hell of a lot about inequality in America today.
1) Percent of total wealth and income owned by US households. Note that the top 5% own nearly 60% of the wealth. The bottom 40% owns just 0.2% of the weath.
2) The share of the nation’s total income owned by the wealthiest 10%, over time. The last time we saw this kind of divide was prior to and during the Great Depression.
3) CEO’s pay as a multiple of the average worker’s pay. In 2005, the average CEO made 400x what the average worker did. Are their contributions really that much more valuable?
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