Measuring the Income Gap from 1975 to 2023

Measuring the Income Gap from 1975 to 2023. Carter C. Price. Published Feb 17, 2025 – The author extends prior work to estimate the gap between what workers earned in 2023 and what they would have earned with a more even growth rate from 1975 to 2023. The bottom 90 percent of workers would have earned $3.9 trillion more with the more even growth rates that would amount to the cumulative amount of $79 trillion. These numbers differ from the prior estimates because of inflation, growth in inequality, and a longer time frame.

[Billionaires “acquired” $50 Trillion from the rest of us between 1975 and 2007. The report above shows the huge increase of $79 Trillion between 1975 and 2023.]