I am confused about what this is supposed to show... the overall income increasing and more and more of the population is falling into the $200k+ bin of the (fixed bins) histogram. I am sure income inequality is increasing, but how is this showing that?
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It shows the distribution of income categories getting less concentrated (i.e., more unequal) over time. As you note, this includes a larger share of households in many of the higher income bins. There's also some increase on the far left side (the lowest income categories).
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So... middle income gets higher, fewer people make less than the poverty level, and more households make more than $100k. Basically everyone is better off. Isn't this evidence of how income inequality going up doesn't necessarily mean worse outcomes for the 99% percent?
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Watch the years. Joe Average hasn’t increased his income since 2001. That’s almost 20 years of stagnation.
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we're all just here to pump up the billionaires
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Economic gerrymandering of policies to see to it that those actually creating the value of production with labor, aka Earned Income, benefit the least, for sake of greatest benefit to those who create the least value, profiteering, aka Capital Gains.
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In 1971, most State Universities were affordable. Students could attend college, have a part time job, with a full time job in the summertime, and graduate without any debt. Shocking to today’s students. That is what low taxes on the most wealthy has wrought.
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I hear a lot of people saying that the rich should be able to keep what is theirs As far as I am concerned they need to give it back to those they stole it from Blood sweat and tears need to matter again
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This is misleading. All the $200K+ are placed in the same category and not tracked in the same way as the rest of the data in the animation. I am not saying there isn't an increase of wealth inequality; I am just saying that this graph doesn't show it.
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Thanks for that point. I’d love to see one where it was broken out more...but I wonder at what point a > bin makes reasonable sense?
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Čini se da učitavanje traje već neko vrijeme.
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