### 'Income Gap Grows Wider and Faster'

The growth in inequality has accelerated in recent years:

... One way to see the acceleration in inequality is to look at the ratio of average to median annual wages. From 2001 through 2008, during the George W. Bush administration, that ratio grew at 0.28 percentage point per year. From 2009 through 2011, the latest year for which the data is available, the ratio increased 1.14 percentage points annually, or roughly four times faster. ...

Posted by Mark Thoma on Saturday, August 31, 2013 at 02:03 PM in Economics, Income Distribution |
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