Right Data

Right Data / an amazing 75 Per cent of the 7 million makes. _ economic policies. Today 1 no one seems of U.S. households received a “HAT a ea a decade / During — the 1980s _ : VY cach uptick in the share of _ national income going to the wealthy was maligned as the work of Republican — with low-wage countries—is also blamed. _ Economists who study the subject, how- to notice. In 1996 the richest 20 per cent ever, shave been ae to > document – Sova in income © gap, diode toare: cent study from the Public FOR Insti-_ tute of California. The flip side of immigration—trade _ : 33 per. cent more than a worker with _ _ only a high-school degree; by 1995 the . new jobs have been in the professions or _ managerial occupations. assembly line, workers with extra train- _ Even on the © ing are increasingly i in demand. | Not surprisingly, the wage premium — commanded by educated workers has _ _ grown. In 1979, for example, a worker — with a college degree made, on average, ee was 50 per cent. _record 49 per cent of total national income. This is an. _imerease of 2.2 percentage | : points since Bill (Clinton took : _ office. — Compared to » the 1980s the “benefits of economic growth Dy are not trickling down much. — Lee _ Median household income re- Lees | mains lower than it was in ee 1989. The poverty rate is still ae _ higher than at the end of the – — As economist Paul ‘Krugman

Source: Census Bureau.

ER

About the Author

Ed Rubenstein

Right Data / an amazing 75 Per cent of the 7 million makes. _ economic policies. Today 1 no one seems of U.S. households received a “HAT a ea a decade / During — the 1980s _ : VY cach uptick in the share of _ national income going to the wealthy was maligned as the work of Republican — with low-wage countries—is also blamed. _ Economists who study the subject, how- to notice. In 1996 the richest 20 per cent ever, shave been ae to > document – Sova in income © gap, diode toare: cent study from the Public FOR Insti-_ tute of California. The flip side of immigration—trade _ : 33 per. cent more than a worker with _ _ only a high-school degree; by 1995 the . new jobs have been in the professions or _ managerial occupations. assembly line, workers with extra train- _ Even on the © ing are increasingly i in demand. | Not surprisingly, the wage premium — commanded by educated workers has _ _ grown. In 1979, for example, a worker — with a college degree made, on average, ee was 50 per cent. _record 49 per cent of total national income. This is an. _imerease of 2.2 percentage | : points since Bill (Clinton took : _ office. — Compared to » the 1980s the “benefits of economic growth Dy are not trickling down much. — Lee _ Median household income re- Lees | mains lower than it was in ee 1989. The poverty rate is still ae _ higher than at the end of the – — As economist Paul ‘Krugman

Source: Census Bureau.