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US & China Inequality Growth is the Same 1980-2018
In 1980, the top decile in China captured 27.2% of national income and by 2018 it had grown 14.2% to 41.4%. In the US, the top decile had 34.2% in 1980 and it grew by 13.7% to 48%.
Inequality in China and the US grew in virtual lockstep over the same time period.
This is a fascinating point to consider. The average person in China probably doesn’t realize that their proportion of the pie shrank by 14% because the overall size of the slice of pie grew so dramatically during the boom years. #macroesg macroESG.com
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By Macro ESGIn 1980, the top decile in China captured 27.2% of national income and by 2018 it had grown 14.2% to 41.4%. In the US, the top decile had 34.2% in 1980 and it grew by 13.7% to 48%.
Inequality in China and the US grew in virtual lockstep over the same time period.
This is a fascinating point to consider. The average person in China probably doesn’t realize that their proportion of the pie shrank by 14% because the overall size of the slice of pie grew so dramatically during the boom years. #macroesg macroESG.com
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Send in a voice message: https://anchor.fm/macro-esg/message