Surging Wage Growth For Topmost Sliver

Source: Lawrence Mishel, Economic Policy Institute, Snapshot, June 18, 2008

Inequality in the United States continues to worsen. Huge gains at the top of the income scale have been fueled by, among other things, a surging inequality in wages (illustrated in the chart below). The ratio of the wage income of the top 1% of earners to that of the bottom 90% more than doubled between 1979 and 2006, increasing from a ratio of 9.4-to-1 to 19.9-to-1. In contrast there was relatively little change in the earnings disparity from 1947 to 1979, when wages at all levels of the economy grew apace.

Leave a Reply