Income Inequality Is At An All-Time High: Study

Income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression, according to a recently updated paper by University of California, Berkeley Professor Emmanuel Saez. Saez calculates that in 2007 the top .01 percent of American earners took home 6 percent of total U.S. wages, a figure that has nearly doubled since 2000.
Published On:	8/14/2009
Submitted On:	8/17/2009 7:15:02 AM by Picka
Categories:	Business and Economy

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