Wednesday, September 19, 2007

Income disparity

From Paul Krugman's new blog called "The Conscience of a Liberal":

We’re no longer a middle-class society, in which the benefits of economic growth are widely shared: between 1979 and 2005 the real income of the median household rose only 13 percent, but the income of the richest 0.1% of Americans rose 296 percent.

That is simply beyond outrageous. And beyond tragic.

What has become of us?

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