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Since 1979, the top income earners in America have seen their real wages grow at more than double the rate of every other income group.

Given this rapid rise, income inequality in the U.S. exceeds nearly every other rich nation, driven by several complex factors. Among these, tax policy, technological change, and economic downturns have widened this gap. Diminishing bargaining power across workers has also contributed to wage disparities.

This graphic, via Visual Capitalist's Dorothy Neufeld, shows the growth in real wages over time across income groups, based on data from the Economic Policy Institute. . .

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>Since 1979, the top income earners in America have seen their real wages grow at more than double the rate of every other income group. >Given this rapid rise, income inequality in the U.S. exceeds nearly every other rich nation, driven by several complex factors. Among these, tax policy, technological change, and economic downturns have widened this gap. Diminishing bargaining power across workers has also contributed to wage disparities. >This graphic, via Visual Capitalist's Dorothy Neufeld, shows the growth in real wages over time across income groups, based on data from the Economic Policy Institute. . . [Archive](https://archive.today/OnHuQ)

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[–] • 1 pt

Wage growth disproportionately accrues to the wealthy because our productivity scales more broadly. If the fry guy at McDonalds increases his individual productivity by 10%, great, here's an extra $1/hr. If we create a machine that automates...all...fry guys, that's a far greater net productivity gain.

Additionally, the plebes continually voting for money printer go brrrr disproportionately benefits the most productive because they get a $1600 stimmy check in exchange for doubled prices forever from inflation. We get to see our asset prices double from their shortsighted choices.

Globalization also kneecaps low earners because they're now competing with Sandeep in Bangladesh who thinks $5/hr is a fantastic wage because he isnt paying first world cost of living. Meanwhile white collar westerners can take their +$50/hr wage, work remotely from a beach in the 3rd world, and live like kings.