Tuesday, December 18, 2007
Income Inequality
I got this chart from Kevin Drum on Washington Monthly, he got it from Afferent Input The income inequality is so scewed that the Y axis needs to be exagerated in order to make room for the data at the bottom. The graph shows that the person in the top 1% got $8.73 out of $100 in 1979. In 2005 that same person got $18.39 out of $100. In the top 5% - 1% group, people got $2.71 out of $100 in 1979. In 2005, people in that group got $3.18 out of $100. All other groups, except the 5% -10% group get less out of the $100 in 2005 than they did in 1979.
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