Saturday, October 12, 2013

Growing Together, Growing Apart


From the site:

The September release of the Census Bureau’s income and poverty numbers (and I link to them here only to remind us all that the federal shutdown has made the unavailable) add one more data point to a lost decade punctuated by the recessions of 2001 and 2007, and also to a longer trajectory—stretching back to the 1970s—of starkly unequal income growth.

That growing inequality is underscored by plotting the Census data (reporting average family income by income percentiles) alongside the top incomes estimates of Thomas Piketty and Emmanuel Saez (recently updated through 2012).

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