NYT Begins Series On The Decline In Middle Class Income

This is the first article in the series.  It starts out by quantifying the problem.  Median household income has fallen by 6% since 2000.  We have not had any 12 year period like this since WW 11.  The top 1% share of the total income pie has doubled in that period.  The share held by those earning over $7 million has increased by a factor 5 over the last 40 years. Much of this gain has been in the financial industry.  Hopefully, there will be a good analysis of this problem in future articles.  There is a lot of misunderstanding that will require clarification.