The Geography of U.S. Inequality

[Dan '82]

http://www.nytimes.com/interactive/2016/...p=cur&_r=0

Quote:A chart has been making the rounds among the wonky corners of the internet. Nicknamed the elephant chart because of its peculiar shape, it has a big hump showing rising incomes for the world’s middle class, leading into a deep trough for the world’s upper middle class, then rising into another peak for the world’s wealthiest. To make the shape more obvious, some people on the internet have even drawn feet and ears on the graph.

But it isn’t meant to provoke laughs. Made by Branko Milanovic, an economics professor at the City University of New York, the chart forcefully shows how incomes for the middle class have risen in emerging economies like China and fallen for the lower middle class in advanced economies like the United States...



http://www.nytimes.com/interactive/2016/...p=cur&_r=0