America's wealthiest averaged 1,000 times the income of America's bottom 90 percent last year. In the middle of the 20th century, this Too Much newsletter treatment of just-released data from economists Emmanuel Saez and Thomas Piketty makes clear, the gap hovered closer to just 100 times.
America's wealthiest averaged 1,000 times the income of America's bottom 90 percent last year. In the middle of the 20th century, this Too Much newsletter treatment of just-released data from economists Emmanuel Saez and Thomas Piketty makes clear, the gap hovered closer to just 100 times.