"Income Disparity And Wealth Consolidation Show Eerie Resemblances To 1928"
Our guest blogger is Robert Gordon, a Senior Fellow at the Center for American Progress Action Fund.
Another table shows that the top 10% in 2006 took a bigger share (49.7%) than at any point since 1917. The year 1928 was the runner-up.
Let’s hope that 2006 and 1928 don’t end up looking similar in other ways. If they do, it will be a good reminder that growth needs to be shared not just because it’s right, but also because it’ll last longer.