Last year the 400 richest grew their net-worth by 270 Billion.
In 1982 the aggregate networth for the 400 was 92 billion.
1984 166 Billion.
1987 220 Billion.
By 1989 it was 270 Billion.
In 1989 the top 400 were worth 270 billion.
Last year the top 400 increased their net-worth by 270 billion from the previous year.
As you can see, in the 80's it took 8 years for the richest 400 Americans to increase their networth by 270 Billion. What used to take 8 years to accumulate, only takes one
year today.
This bears repeating, in 1989 the richest 400 were worth 270 Billion in total, last year they increased their networth by that amount.
The minimum wage was $3.35 in 1982 just for comparisons sake.
In 2014 50% of all US workers made less than $28,000 and 40% made less than $20,000 in 2013.
In 1982 (unadjusted for inflation) the median household income was $18,801. Assuming two workers per household, that would equal $9,000 per employee. The top 400 Americans are now worth 2.3 Trillion.