The income disparity between the country’s top 10 percent and bottom 90 percent is bad. Really bad. Here’s a classic rundown from Vox illustrating just how different it is. The video recaps and explains an alarming chart developed by Pavlina Tcherneva, an economist at Bards College.
According to Vox:
For a long time, most of the gains from economic growth went to the bottom 90 percent of the income distribution. And, after all, the bottom 90 percent includes the vast majority of people. Since 1980, that hasn’t been the case. And for the first several years of the current expansion, the bottom 90 percent saw inflation-adjusted incomes continue to fall.