And as wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.
This chart, based on figures from the report, shows the authors' estimates for how real income has changed over time for Americans across the income distribution. While wages at the bottom have barely grown, earnings at the top have skyrocketed over the last few decades: "Unlike the growth patterns in the 1950s and 1960s, the majority of full-time workers did not share in the economic growth of the last forty years," mathematician Carter Price and economies Kathryn Edwards, the paper's authors, wrote. "During this time period, only the very top of the income distribution saw growth that matched or outpaced the real per capita GDP rate of the same timeframe.
Is it not racist to put a picture of a black girl for the headline of this tweet?
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