I am not shocked

by the news that income inequality is worse than it's been in a looooong time.

New LIMEW Report

Has Progress Been Made in Alleviating Racial Economic Inequality? Long story short: very little since the 1960s, and if you look at the experiences of African and Hispanic Americans separately from that of Asian Americans, things have gotten worse in the last twenty years.

Updated Inequality Numbers from Saez

Via Paul Krugman:

With everything else going on, the latest inequality numbers from Emmanuel Saez, now updated to 2007, didn’t get much attention. But they’re truly amazing.

click through for graph.