To the Editor: Given the recent events stemming from COVID-19, income inequality has been in the news often. The U.S. has the 46th highest level of inequality out of 150 countries.
Between 1980 and 2019, the share of the nation's total household income going to the richest 1 percent more than doubled, while the earnings of the bottom 90 percent barely rose, adjusted for inflation. CEO pay increased 940 percent but the typical worker's pay increased 12 percent.
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