Sunday, August 10, 2008

Income Share

Dean Baker (in 18th reply on his blog post -- the only reason I know the most vital "Great Wage Depression" stat) reproduced what he called "a slightly altered table" from Gordon's paper, showing income shares in 1972 and 2001" -- my percentage changes on the right. 

% _________1972_____2001
0-20 ______ 2.6%, ___  2.0%____
0.6
20-50 ____ 16.0%, ___ 11.7%____
4.3
50-80 ____ 33.7%, ___ 27.2%____
6.5
80-90 ____ 17.0%, ___ 16.1%____
0.9
**********************************
90-95____ 10.8%, ___ 11.3%____+ 0.5%
95-99.0___12.2%, ___ 14.8%____+ 2.6%
99.0-99.9__ 5.7%, ____ 9.6%____+ 3.9%
99.9 -100__ 1.9%, ____ 7.3%____+ 5.4%
(see p. 84 of Gordon for similar breakdown of wage income)

THE ABOVE INCOME SHARE CHART IS GETTING LONG IN THE TOOTH.
This Wall Street Journal article (see part 4) says the share of income going to the top 1% alone increased from 10% to 22.9% between 1979 and 2006: "Five False Promises of Recovery."

WEALTH (not income) SHARE: http://www.slate.com/blogs/moneybox/2014/04/08/wealth_inequality_the_99_percent_are_getting_poorer.html?wpisrc=burger_bar


NEW ADDITION (haven't worked on it yet):
http://blogs.wsj.com/economics/2015/04/17/by-one-measure-wages-for-most-u-s-workers-peaked-in-1972/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29   

1 comment:

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