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Dustin LindenSmith

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Category: politics

Lewis Lapham on the job situation in the US (ca. 2010)

Posted on Sun May 8th 2011Sun Feb 5th 2012 by Dustin

During Ronald Reagan’s terms as president, the percentage of GDP accounted for by manufacturing fell from 21% to 14%, and the percentage accounted for by finance rose from 14% to 21%. As between compensations awarded to the high-end and the low-end, the differential at last count in 2009 stood at 263 to 1.

Some statistics on the wealth gap

Posted on Mon Mar 7th 2011Sun Feb 5th 2012 by Dustin

400 people have as much wealth as half the US population • In 2007, the richest 1% of US households owned more than 33% of the nation’s private wealth, which is more than the combined wealth of the bottom 90 percent

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