Increasing Income Inequality
by smteixeirapoit Income inequality soared in the United States, according to recent research published by Dr. Emmanuel Saez, Professor of Economics at the University of California Berkeley. In the past decade, the top 1.0 percent of incomes grew at a faster rate than the bottom 99.0 percent of incomes. As of 2007, the highest 0.1 percent of earners held 6.0 percent of the income and the highest 10.0 percent of earners held 49.7 percent of the income. These statistics were...
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