Chart of the day, income-inequality edition
If you want to waste a bunch of time this morning, I can highly recommend playing around with the World Top Incomes Database. Click on “Graphics,” and knock yourself out — the database has a wealth of information, going all the way back to the 19th century, and creates lovely charts on the fly; it will even export them in .png format for you.
Here’s one I just put together, showing how in 1994 the top 0.5% of the US population started raking in a greater share of total income than the top 1% of the German population — and how the top 1% in the US are seeing their proportion of total income rise dramatically, even as their German counterparts are seeing their share of total income shrink.
In any case, do play around, it’s a fantastic resource with a massive database behind it. Thanks to Barry for the pointer!