Tag Archives: American inequality

Wealth Inequality Graph — As the Middle Class Disappears

I wanted to post this on my own blog. If you haven’t watched it, do; it’s astounding the discrepancy between rich and poor in this country, and just how many of us have literally practically nothing.
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If that doesn’t make you feel bad enough, here’s a link to Mike Hiltzik’s piece today in the L.A. Times, “Why the Middle Class is Doing Even Worse Than You Think.”  Basic takeaway is that middle class wages have remained about the same, adjusted for inflation, since about 1980. The gains have all gone to the – you guessed it — 1% you just saw in that YouTube video.

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