Articles Archive for 4 September 2012
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The Great Divergence In Pictures: A visual guide to income inequality.
By Timothy Noah | The Great Divergence
Did the United States grow more unequal while Republicans were in power?
It sounds crude, but Princeton political scientist Larry Bartels has gone a long way toward proving it. Bartels looked up income growth rates for families at various income percentiles for the years 1948 to 2005, then cross-checked these with whether the president was a Republican or a Democrat.
He found two distinct and opposite trends. Under Democrats, the biggest income gains were for people …