An economist who blogs at Daily Kos has posted something about how bad it has gotten to be.
< Last summer, I wrote a diary with a number of graphs showing how a very small fraction of the population was capturing most of the income. A new study (again, by Thomas Piketty and Emmanuel Saez) was published this month ... which updates some of these graphs ... and they provide more relevant information.
< That graph above is pretty amazing in that it shows that the income of the very richest (we're talking about approximately 10,000 people here) has increased massively in the past 25 years - which is not unexpected - but that this increase has come mostly from the increase in salaries (which include bonuses and other forms of indirect compensation).
< This is part of the "winner take all" economy: the most successful top executives, traders, newscasters, sportspeople, etc... get huge incomes, which are larger by orders of magnitude than those of others in the same sector, simply because they are the best known and the most visible, and capture most of the loot (there's no other word). There is a successful second tier that does well also (but nowhere nearly as much), and everybody else is left behind.>
Graphs and analysis by the blogger available at --
THE GRAPHS WILL KNOCK YOUR SOX OFF!
btw - this came to my attention by way of something posted at Kucinich Forum web page -