Source: Economic Policy Institute
Income inequality has grown in every state in the US in recent decades, according to a new study published this week by the Economic Policy Institute.
The report, entitled The Increasingly Unequal States of America, found that, even though states home to major metropolitan financial centers such as New York, Chicago, and the Bay Area had the highest levels of income inequality, the gap between the rich and the poor has increased in every region of the country.
“It doesn’t matter if you’re looking at Hawaii or West Virginia or New York or California, there has been a dramatic shift in income towards the top,” said Mark Price, an economist at the Keystone Research Center in Harrisburg, Pennsylvania, and one of the study’s co-authors, in a telephone interview.
The report noted that between 2009 and 2012, the top one percent of income earners captured 105 percent of all income gains in the United States. This was possible because during this period the average income of the bottom 99 percent shrank, while the average income of the top one percent increased by 36.8 percent.
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If this report is to be believed, there are a lot of Brian Williams fabrications. Like, a lot. And yesterday’s suspension of the anchor over revelations that he exaggerated stories from the Iraq War allegedly stemmed from a larger internal investigation at NBC, with enough findings to compile a full dossier and enough allegations to prompt an overview of his expense accounts.
