Thursday, September 6, 2012
Income Inequality in the US (1917-2010)
Atkinson, Piketty and Saez have a new website on income inequality that provides free access to a lot of data. Below a taste, showing the ratio of average income of the bottom 90% to the average income of the top 10% in the US from 1917 to 2010.
It is clear that the war, and the policies enacted during the 1930s, allowed a significant compression of the income of the top, which has been basically reverted in the last 3 decades, after Reagan and the rise of the Conservative movement. Nothing new, but good to see it this clearly.
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