Friday, December 21, 2012

Why Inequality Will Save Us | Why Innovation Will Save Us.

From 1993 to 2008, income growth among the bottom 99% of earners was 0.5 points slower than the economy's overall growth rate.

Incomes of Top 1% Increased 275% Between 1979-2007

Three-fifths of all income growth from 1979-2007 went to the top 1%.

According the CBO most of the gains in income of the 1% have come from employment and business income, not dividends, interest, and capital gains.

Technology has made highly educated and talented people more valuable, by creating jobs that demand their talents and allow them to manage larger, more-complex activities, while
it has made less-skilled people less valuable.

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