Income inequality continues to grow in the United States—which represents the very definition of insanity: “doing the same thing over and over again and expecting different results. According to recent data by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, from 1979 through 2006, the share of pre-tax income going to the bottom 50 percent of U.S. households fell from an already-low 20.1 percent to an even lower 13.5 percent. During that same period, the top 1 percent went from 11.1 percent to 20.1 percent. (Their respective shares crossed in 1995, when each—the bottom 50 percent and the top 1 percent—took home about 15.5 percent of pre-tax income). In 1979, top 1-percent individuals earned on average 28 times more than bottom 50-percent individuals before tax while they earned 74 times more in 2006.
Giorgio BertiniResearch on society, culture, art, neuroscience, cognition, critical thinking, intelligence, creativity, autopoiesis, self-organization, rhizomes, complexity, systems, networks, leadership, sustainability, thinkers, futures ++
Academic SupportThe Learning Change Project is a personal not for profit and without sponsors multidisciplinary initiative to support academic activities. Use the files freely for your Courses or Research. To prepare Reading Lists explore the Category List or Search for the topic of your interest. If you need any support, contact me.
450 Posts in this BlogFollow my Networks for recent Posts. For authors, date, publishers +metadata, view the source.
- Follow Learning Political Economy of Change on WordPress.com