Since the early ’80s, recoveries have become progressively unequal. During the ’90s expansion, 45 percent of income gains went to the top 1 percent. During the Bush economy, the top 1 percent increased their income share to 65 percent. And in the current recovery, the top 1 percent have managed to capture the entirety of income growth.
Dr. Salvatore Babones is the author or editor of eight books and more than two dozen academic research titles. His academic research focuses on income inequality, economic development, and statistical methods for comparative social science research. He writes a weekly column for Inequality.org and contributes to progressive websites and newsletters across America.
via Unprecedented Inequality: The Top 1 Percent Captured 95% of the Income Gains Since 2009.
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