Uncategorized

The stunning growth in inequality

The huge and growing gaps in wealth and income inequality are much in the news these days — from Washington to the Vatican and here’s why: the plain facts are simply stunning and overwhelming. To see this in black and white (or, to be more accurate, red, orange and blue) click here and here to check out two new animated graphs from Chad Stone of the Center on Budget and Policy Priorities (a third one will be released shortly).

As Stone notes by way on introduction with the understated language of a crack economist:

“The economic fortunes of the wealthy and everyone else have diverged sharply in recent decades.  It wasn’t always this way; from the end of World War II into the 1970s, income growth was shared equally among all segments of the population.  But, as we’ll illustrate in three animated graphs, most of the income growth in recent decades has occurred at the very top.”

As the graphs show here and here, that’s putting it gently.

 

Check Also

New report: Amazon a top employer of food assistance recipients

Good lord — maybe this is why Amazon ...

Top Stories from NCPW

  • News
  • Commentary

“I could choose to do anything else with $50.” But Anca Stefan, a high school English teacher in a D [...]

The Cape Fear River is damaged, contaminated by decades of human malfeasance, negligence and ignoran [...]

Legislative Services Officer Paul Coble appears to be violating the state public records law and is [...]

This morning, the state Supreme Court will hear oral arguments in the pivotal case of Silver, et al. [...]

These are extraordinary times in the American experiment with representative democracy. In Washingto [...]

Public education in North Carolina has its share of challenges, not the least of which has been the [...]

The post Time to come clean appeared first on NC Policy Watch. [...]

Tax Day in 2018 in North Carolina presents an opportunity to make sure our tax code allows us to mee [...]

Now hiring

NC Policy Watch is now hiring a Managing Editor – click here for more info.