Is Income Inequality Expanding? (Yes.)

According to the Economic Policy Institute, a non-profit, non-partisan think tank that “believes every working person deserves a good job with fair pay, affordable health care, and retirement security” (agreed!), wage inequality has expanded during 2009–2011 economic recovery. Here’s a chart:

The top one percent saw their wages drop dramatically during the recession (see: the riches to rags story in The Queen of Versailles), but have seen gains during the recovery years (see: this follow-up to the Versailles documentary). The bottom 90 percent, on the other hand, has seen nothing but erosion when it comes to their wages. 🙁