Productivity Gains going to the Top 1%

Occupy Wall Street

I have been giving a lot of thought to the Occupy Wall Street (OWS) movement and the more I think about it, the more I think they have a point, especially if you stare long enough at all the economic numbers dealing with unemployment, income growth, and distribution of wealth. But as my brain was absorbing the recent data showing that for the wealthiest one percent of the population average after-tax household income grew by 275% compared with just 18% for the poorest 20%, I suddenly thought of Star Trek.

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