Eye-popping wage report charts 40 years of worsening income inequality as the top 1% thrive

Wage inequality is getting worse, according to new data from the Social Security Administration, which shows a steady trickle-up effect in worker income during every period for the last four decades. That’s happening as wages for the bottom 90% of earners are being “continuously redistributed upward” to the top 10% and often even further to the top 1% and 0.1%, reports the Economic Policy Institute, which analyzed the data. Since the year 1979, while wages for the bottom 90% saw a modest growth of 26%, wages for the top 10% grew between 51.8% to 75.1%.
Read more: https://www.fastcompany.com/90584449/eye-popping-wage-report-charts-40-years-of-worsening-income-inequality-as-the-top-1-thrive?source=Snapzu