I recently killed a spider plant. I did my best to keep it alive, but the southern exposure was too intense and even a spider plant couldn’t handle it. Still, it’s depressing, being the kind of person who managed to kill a spider plant.
The U.S. economy is a lot like that spider plant — almost impossible to kill, and yet, we did it anyway.
Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation), according to an analysis by Pulitzer Prize-winning journalist David Cay Johnston for Tax Analysts. During the same period, the average income for the top 10 percent of Americans rose by $116,071, Johnston found.
To put that into perspective: if you say the $59 boost is equivalent to one inch, then the incomes of the top 10 percent of Americans rose by 168 feet, Johnston explained to Alternet last week.