Quote:
Originally Posted by redpoint5
Sure, the bottom gets a smaller overall cut of an ever increasing pie, but their incomes have still increased over time.
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It is right there in your own chart. from 2000 from to 2014 lower AND middle class percentiles made less of an ever increasing GDP. Go back to 1900 and the bottom 90% had a share of growth which began to change around 1973. there was still growth for the middle class from 73 to 99 but had begun to diminish and shift as globalization separated the workers from the owners profits. In 1940 the CEO's made 40X the average worker. Today it is 380X. Not the janitor. 380X the average worker. 20 Million/ year is common for CEO's of government funded organizations like Freddie Mac. It is madness. You are happy with a $70 drone to play with. They are buying $7 Million jets and homes. We are totally getting screwed and you don't even know it. 118% of the recovery since 2008 has gone to the top 1%. The bottom 60% got 87%. They are making 13% less now than in 2006.