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>we are on a fast track to 95% of wages going to 5% of workers Really? Based on what data? The US Census Bureau has data on the aggregate share of income in T
by NovemberWhiskey 6y ago
>we are on a fast track to 95% of wages going to 5% of workers
Really? Based on what data?
The US Census Bureau has data on the aggregate share of income in Table H-2. For 2019, the top 5% of households received 23.0% of aggregate income (a bit lower than 2018 and 2017).
Looking back 25 years before that to 1994, that number was 21.2% and (eyeballing it) seems to have been fairly range-bound in the 20-23% range since the early 1990s.
The data starts in 1967, where that number was 17.2%.