From DSC:
I hesitate to post this one…but this information and the phenomenon behind it likely has impacted what’s happening in the higher education space. (Or perhaps, it’s a bit of the other way around as well.) Increasingly, higher ed is becoming out of reach for many families. Again, is this a topic for Econ classes out there? Or Poli Sci courses?

Trends in income from 1975 to 2018 — from rand.org by Carter Price and Kathryn Edwards

Excerpt:

We document the cumulative effect of four decades of income growth below the growth of per capita gross national income and estimate that aggregate income for the population below the 90th percentile over this time period would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades. From 1975 to 2018, the difference between the aggregate taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion.

Trends in income

Also see:

  • ‘We were shocked’: RAND study uncovers massive income shift to the top 1% — from fastcompany.com by Rick Wartzman
    The median worker should be making as much as $102,000 annually—if some $2.5 trillion wasn’t being “reverse distributed” every year away from the working class.
    .
  • The top 1% of Americans have taken $50 trillion from the bottom 90%—And that’s made the U.S. less secure — from Time.com by by Nick Hanauer and David Rolf
    [From DSC: By the way, that title likely has some link bait appeal to it.]
    Excerpt: 
    As the RAND report [whose research was funded by the Fair Work Center which co-author David Rolf is a board member of] demonstrates, a rising tide most definitely did not lift all boats. It didn’t even lift most of them, as nearly all of the benefits of growth these past 45 years were captured by those at the very top. And as the American economy grows radically unequal it is holding back economic growth itself.

Why is our death toll so high and our unemployment rate so staggeringly off the charts? Why was our nation so unprepared, and our economy so fragile? Why have we lacked the stamina and the will to contain the virus like most other advanced nations? The reason is staring us in the face: a stampede of rising inequality that has been trampling the lives and livelihoods of the vast majority of Americans, year after year after year.