Over the long haul, the gap between incomes doesn’t seem to be all that terrible. After nearly a century, one would expect income growth to be reasonably balanced after such a large data set.
However, things get a little crazy in the early 80s. More friendly tax policies, aggressive lobbying for loopholes, insane levels of executive compensation packages, and a few dozen other variables I’m sure, appear to have distorted a ~70 year trend.
I’m all for the I get mine raison d’etre, but I’m not sure those who defend outrageous levels of compensation for workloads most people with an IQ above 120 could do is justifiable. Especially when you consider the Bollinger Bands would be blowing up from the early 80s to present due to volatility in the income numbers and the aberration in wealth creation still finds us with extraordinaryly high unemployment and national debt going through the roof.
State of Working America
When Income Grows, Who Gains?