>>> Richard Fidler >>> The curious absence of class struggle [The Globe's headline] It's not so much the rich getting richer; it's the very, very rich
PETER J. NICHOLSON -clip- Between 1975 and 2005, median family income in the U.S. increased by only 28% (with most of that coming in 1993-2000) while the economy overall grew by 86% in per capita terms. Between 2000 and 2005, median U.S. family income actually fell slightly. Meanwhile, those at the top of the heap have been doing better than ever.The average earnings of the highest 1 per cent of the U.S. income pyramid rose a very healthy 160% between 1975 and 2005, while the income of the rarefied top 10th of 1 per cent soared 350%, in real terms, from $800,000 (U.S.) in 1975 to some $3.6-million by 2005. ((((((((( CB: Aha. The capitalist counter-attack in the US started in 1975 under Gerald Ford.
