Attention Economy


Sunday, September 20, 2015

Post-Crisis US Economic Recovery: A Recovery Only for Some

A fascinating chart highlights the fact that only the top 20% of Americans have registered improvements in their income levels since the current recovery began:
http://www.bloomberg.com/news/articles/2015-09-16/the-richest-americans-are-winning-the-economy-recovery

Related:
James Surowiecki, writing in the New York Review of Books, notes:
“The fundamental truth about American economic growth today is that while the work is done by many, the real rewards largely go to the few. The numbers are, at this point, woefully familiar: the top one percent of earners take home more than 20 percent of the income, and their share has more than doubled in the last thirty-five years.”