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.
Category: politics
Some statistics on the wealth gap
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