Home > Uncategorized > A Giant Statistical Round-Up of the Income Inequality Crisis in 16 Charts – Derek Thompson – The Atlantic

A Giant Statistical Round-Up of the Income Inequality Crisis in 16 Charts – Derek Thompson – The Atlantic

December 18, 2012 Leave a comment Go to comments

Now we are engaged in a great tug-of-war over a few points in the top tax rate in Washington. But even if the White House pulls hardest, it won’t amount to much of a victory for the long-suffering middle class. The sources of their income stagnation are too deep, too varied, and too long-term for Clinton-era tax rates to cure them.

“There is a huge amount of focus on progressive taxes in our policy world but progressive taxes are not much of a solution to this,” said Lawrence Mishel, president of the left-leaning Economic Policy Institute. “We need to get unemployment down rapidly. We need to greatly change our labor standards. We need to raise the minimum wage.”

He’s right: The middle class crisis — and its resulting income inequality — is the most important economic story of our time. There are a million ways to tell it, and here’s another: an annotated slide show, culled from the amazing 2012 edition of the State of Working America from EPI.

Here we go:

via A Giant Statistical Round-Up of the Income Inequality Crisis in 16 Charts – Derek Thompson – The Atlantic.

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