The gap between the top 1% and everyone else hasn’t been this bad since the Roaring Twenties: The girth of the widening inequality
Lifestyle, PoliticsFeb 9, 2011A More “Equal” Inequality: The falling tide.
By KOBI ABAYOMI
Kobi Abayomi is an Asst. Professor in ISYE-Statistics at Georgia Tech
To see more graphs depicting the race to the bottom go to:http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4#the-gap-between-the-top-1-and-everyone-else-hasnt-been-this-bad-since-the-roaring-twenties-1
There has been more than just a bit of attention to the gross increase ineconomic inequality in the United States over the past forty some years.
Notwithstanding a debate about the causes — from an increasingly regressive tax policy, the dimunition of American educational quality at even the best institutions, to the post-industrial financialization of the economy — or the effects — recalcitrant, persistent malaise, a surprising maladjustment of local and national budgets, or, as Nicholas Kristof puts