Modern inequality isn’t driven by the gap between college-educated workers and high school grads. All the action is at the top of the income ladder, where the extremely rich have pulled away from everyone else.
Since 1979, wages for the top 1 percent in the United States have grown nine times faster than wages for the bottom 90 percent. That’s not a tale of the well-educated doing better than the less-well-educated. It’s about the super-rich out-earning everyone else—including college graduates, who haven’t gotten a raise in over a decade.
Since 1979, wages for the top 1 percent in the United States have grown nine times faster than wages for the bottom 90 percent. That’s not a tale of the well-educated doing better than the less-well-educated. It’s about the super-rich out-earning everyone else—including college graduates, who haven’t gotten a raise in over a decade.