America Will Struggle After Coronavirus. These Charts Show Why.

G.D.P. measures a country’s total output. In the U.S., it has risen 79 percent since 1980, after adjusting for inflation and population growth.
Over the same 40 years, the after-tax income of the bottom half of earners has risen only 20 percent …
The after-tax income of earners near the middle has also badly trailed G.D.P., rising only 50 percent…
But for the very wealthy, the story is completely different. Their after-tax incomes have risen much faster than G.D.P. — up 420 percent since 1980.
Since Jan. 1, 2011, a family in the bottom 90 percent has effectively given the rich …

$110,367.18

America Will Struggle After Coronavirus. These Charts Show Why.

Published by Eraj