The gains in wealth and income have gone largely to a tiny share of the population, as is common knowledge by now. The people in the top 0.1 percent did fantastically well after 1980, those in the top 1 percent did very well, those below them in the top 10 percent enjoyed incomes growing at the same pace as the economy and those in the bottom 90 percent all lost ground—their incomes grew more slowly than the overall economy—during the last four decades.
-Nicholas D. Kristof
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