The Real Source of Inequality
“WAGES for the top 1% skyrocketed 160% since 1979,” reports the left-slanting Economic Policy Institute (EPI).
The same post informs us:
Wages for the tiptop 0.1% jumped a dizzying 345% across that 41-year space — 345%!
What of the 90% beneath them… who hew much of the nation’s wood… and draw most of its water?
Their wages increased a mere 26% in the 41 years since 1979.
That is, 90% of America’s wage collectors have guttered along, while its top earners have gone skyshooting past them… showing them their dust.
But why? Is it because the 90% climbed down the ladder of social mobility in 1979 — and loafed?