Tuesday, September 17, 2013

Recovery.

An Ongoing Discussion.

WORDS.

"Taking all these things together, the Great Recession and its aftermath have accentuated the long-term trend of rising inequality. After the rich saw their incomes take a hit in 2007 and 2008, when the stock market fell, their share of over-all income has rebounded to pre-recession levels. In 2012, the top ten per cent of earners received about fifty per cent of all the income that the economy generated, and the top one per cent received 22.5 per cent, according to an updated study by the economists Emmanuel Saez and Thomas Piketty."

THE NEW YORKER: The Uneven Economic Recovery: Eleven Things We’ve Learned and Six Charts

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