Income Inequality

A primary driver of the economic situation today in the US is increasing income inequality. See this:

United_States_Income_Distribution_1967-2003.svg‎ (SVG file, nominally 1,000 × 400 pixels, file size: 14 KB)

Another way of looking at it is from Krugman:

This is for households so a significant making feature is the increasing numer of women in the work force over the same period. Another way of looking at the data, adding the top 1% group:

Even the Wall Street Journal acknowledges the facts, including this chart:

During this same period, it is hard to argue that the increasing inequality has fueled an overall higher GNP growth rate: