The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Rising Inequality

Sep 16, 2013

In 2012, the richest 1% had 22.5% of all income, the biggest share in 100 years of government records. The richest 1% had 95% of all the gains in income since 2009.

Meanwhile, the income of the bottom 99% of the population grew by only 0.4% since 2009. For workers, the situation was worse, with the income of most buying fewer goods and services than three years before.

The last time inequality was so extreme was in 1929 – the eve of the Great Depression!