Income Inequality: Revolutionary Graph Paints Grim Picture

Tuesday, August 8, 2017

This article discusses a newly-developed graph that shows compellingly that income gains in recent decades have gone overwhelmingly to the ultrarich, not the middle class. The graph, produced by Berkeley economist Emmanuel Saez and his frequent collaborators Thomas Piketty (EHESS) and Gabriel Zucman (Berkeley), used a mix of tax and survey data to give a portrait of how incomes have grown for each segment of the population from 1913 to the present.