Over the past 40 years, the richest Americans receive most of the profits from the economy, experts say.
The economic policy Institute has published the annual report on wages in the United States, which confirms this view. Data on wages show increasing inequality trends in wages from the very rich to those who receive the minimum. This gap persists for decades: men earn more than women, white more color, and the rich get almost everything. The report shows that the lion’s share of the earnings “accumulate” on the tip of the iceberg of the richest.
In the period from 1979 to 2017, the performance of the us economy grew by 70.3 percent, and hourly wages of ordinary workers – only 11.1%.
Where did the “excess” productivity? A significant portion of this amount went to higher corporate profits and income growth of business owners – 1% of the recipients had 157,3% of the total growth in annual salaries, say the authors of the report.