I listened to this report on Bloomberg this afternoon and it got me thinking about income inequality. Here is a link to the broadcast: bloom.bg/M7Ycf6
Here is my hypothetical example:
Let's say you pick one county in the US and find the average income of the lowest 20% is $25,000 and the average income for the top 20% (in the same county) is $250,000, a difference of $225,000. You come back 10 years later, and the average salary for the lowest 20% is $67,852 and the average income for the top 20% is $619,557, a difference of $552,705. The difference has more than doubled in 10 years.
What should be done about this?