Interactive Graph: When Income Grows, Who Gains? (Very Telling!)

[tekisui]

Economic Policy Institute: The State of Working America

http://www.stateofworkingamerica.org/pages/interactive#/?start=1971&end=2008

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This graph tells the story. Please check it out.

[RKP5637]

1. Excellent graph!!! n/t

[RUMMYisFROSTED]

2. 1999 was a decent year.

[HughBeaumont]

3. Between 1971 and 2008, America moved away from Keynes' to Milton Friedman's disastervision.

Coincidence?

K & R.

[TBF]

4. Recommended - nt

[FreakinDJ]

5. Be sure to share that 1 on your Face-book account

[Courtesy Flush]

6. The tide doesn't raise all the boats the same.

You can't explain that.

[hootinholler]

12. It's not a tide

It's more like a wave.

When the middle class is prosperous, then it is a tide and the rich boats are lifted along with our rowboats.

When the middle class is not as prosperous, then it's a wave, the rich boats go up on the wave and the rowboats which are too small get swamped or sink.

-Hoot

[reformist2]

7. Do 1946-1980... That's the pie chart we should be shooting for!

[FreakinDJ]

9. Ya I just moved the needles to check that out

Ave incomes rose by $17,863

Top 10% got 37% of the growth

Bottom 90% got 63% of the growth

But that has been the MOST equitable income period on the chart.

[reformist2]

10. Do 1929 to 1949... not that we want to go war and depression, but it was good for workers.

[FreakinDJ]

11. No wonder their pissed about the New Deal

[txlibdem]

8. K & R - this is the story of Capitalism

The very foundation of Capitalism is that all wealth flows eventually to the top.