Much of the media discussion of increasing wage inequality in the US is framed as a discussion of how the top 1% is growing richer relative to the rest of the population.
The World Top Incomes Database, hosted by the Paris School of Economics provides a breakdown of the yearly incomes for many major countries since the early 1900s.
So it would appear than the top 1% has been doing very well for the last few decades.
But is it all of the top 1%? To check this, let’s break down the top 1%:
We see that the blue and purple groups — those not in the top .1% are getting crumbs. The top .01% to the top .1% is getting some, but it is the top hundredth of a percent that has got the lion’s share of any income increases in the last few decades.
It is good to be rich.