|
Impressive GDP numbers don’t tell the real story of the economy and inequality
Sunday, September 8th, 2019
From 1982 to 2015, the share of total income going to those in the top 1 per cent grew from 8 per cent to 14.2 per cent — a jump of 78 per cent. Meanwhile, the share of income going to the bottom 50 per cent — half the country — fell by 29 per cent. So while our economy has grown, the bulk of those gains are flowing to the richest 1 per cent of people.
Tags: economy, featured, ideology, participation, poverty, standard of living, tax
Posted in Debates | No Comments »
Recent Comments