Chart of the day: The one percent’s wealth soars


From David F. Ruccio, Professor of Economics at the University of Notre Dame, writing in Real-World Economics Review Blog:

For decades now, the labor share of U.S. national income (the blue line measured on the left-hand vertical axis in the chart above) has steadily declined, while the shares of income and wealth captured by the top 1 percent [the red (wealth share) and green (income share) lines on the right-hand axis] has increased. And in recent years, even as employment has mostly recovered from the Second Great Depression, the wages paid to the majority of workers have continued to stagnate [even while incomes of workers at the very top, especially CEOs and other corporate executives, have risen].

For decades now, the labor share of U.S. national income (the blue line measured on the left-hand vertical axis in the chart above) has steadily declined, while the shares of income and wealth captured by the top 1 percent [the red (wealth share) and green (income share) lines on the right-hand axis] has increased. And in recent years, even as employment has mostly recovered from the Second Great Depression, the wages paid to the majority of workers have continued to stagnate [even while incomes of workers at the very top, especially CEOs and other corporate executives, have risen].

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