DBT
Contributor
It was better decades ago, but the gulf between the super rich and the rest of us has been growning out of all proportion, economically, morally, ethically, and the trend shows no sign of improving.
What has been happening is indefensible.
Inequality is decreasing.
(Source: https://www.nber.org/papers/w15433.pdf)
Your graph is deceptive. It doesn't represent the true picture. It doesn't account for both relative and absolute terms;
quote;
''When measured in relative terms, global inequality has been decreasing. However, in absolute terms it has been increasing. ... While it remains vital to continue reducing the global incidence of poverty, inequality has risen both in international and national agendas.''
''For instance, if incomes for all people (or households) increase by 10%, inequality would not be affected. However, a 10% rise for a millionaire is much more money than a 10% rise for someone who has very little to begin with. Therefore, it also makes sense to measure inequality in absolute terms and/or using so-called centrist measures, which are a combination of absolute and relative indices.''