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Saturday, November 5, 2011

[socialist-econ] The 99%, the 1%, and Class Struggle


Sent to you by jcase via Google Reader:


via (title unknown) by andrea on 11/5/11

Alejandro Reuss

Between 1979 and 2007, the income share of the top 1% of U.S. households (by income rank) more than doubled, to over 17% of total U.S. income. Meanwhile, the income share of the bottom 80% dropped from 57% to 48% of total income. "We are the 99%," the rallying cry of the #OccupyWallStreet movement, does a good job at calling attention to the dramatic increase of incomes for those at the very top—and the stagnation of incomes for the majority.

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