Sunday, July 27, 2025

How inequality exploded in the USA

 From Laurie Loves Data


Right after WWII, income gains were shared between all income levels in the US

In 1980 that changed

The very wealthy got the lion's share of income and wealth 


*Lobbying by businesses exploded

*The power of unions declined

*Trickle-down economics became the GOP mantra


"95th percentile" means 95% of the population earns less than you.
"20th" percentile means that you are in the bottom 20%.


Two and a half decades of unprecedented prosperity, destroyed by the doctrines of neo-liberalism. And increasing inequality has led to increasing desperation and a willingness by the poor to embrace anyone who they hope might improve their situation, charlatans of the rabid right, like Trump and MAGA.





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