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During those earlier 25 years, the share going to the top 1 percent dropped from 12.52 to 9.03 percent; the share going to the top 0.1 percent dropped from 4.16 to 2.78 percent, and the share going to the top 0.01 percent dropped from 1.26 to 1.00 percent.
The share going to workers was 1.1 percentage points higher during the earlier years.
The first explains variations in capital's share of income (as opposed to the share going to wages).
In 2007, as the recession began, the share going to that sliver of megarich Americans was 12.3 percent.
In other cases distribution was made per capita, with equal shares going to those heirs of equal degree.
7 57 p.m. | Updated The economic pie is growing, but the share going to American workers is at a record low.
That means, he said, that the share going to fees is closer to 6percentthanan to 13percentt.
Even more striking, the share going to the top 0.01%—some 16,000 families with an average income of $24m has quadrupled, from just over 1% to almost 5%.
The share going to the top 0.1 percent more than tripled, from 2.78 percent to 9.52 percent; and for the top 0.01 percent, it nearly quintupled from 1.00 percent of the total to 4.63 percent.
Page A20 Business STAGNANT JOB GROWTH IS EXPECTED IN REPORT The economic pie is growing, but the share going to American workers is at a record low.
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