Sunday, September 04, 2011

Why Inequality is the Real Cause of Our Ongoing Terrible Economy


During periods when the very rich took home a larger proportion — as between 1918 and 1933, and in the Great Regression from 1981 to the present day — growth slowed, median wages stagnated and we suffered giant downturns.

It’s no mere coincidence that over the last century the top earners’ share of the nation’s total income peaked in 1928 and 2007 — the two years just preceding the biggest downturns.

All American Investor

Why Inequality is the Real Cause of Our Ongoing Terrible Economy
http://bit.ly/pqHeJg





Original content Bob DeMarco, All American Investor