Income Inequality Has Jumped During The Recovery

A recent academic study has received a lot of media attention since it was released early this month and is adding fuel to the minimum wage debate. The study finds that income inequality in the United States, already greater than at any time since the 1920s, increased dramatically following the recession of 2007-2009. The incomes of the top one percent grew by 31.4 percent, while incomes of the bottom 99 percent grew by 0.4 percent.