In contrast to decades of nearly stagnant wage growth for most Americans, real average hourly pay in Germany has risen by almost 30 percent since 1985. And as I said earlier, while the percentage of total income going to the top 1 percent in the United States grew from 10 percent in the 1960s to well over 20 percent by 2013, the richest 1 percent of German households continues to receive about 11 percent of total income there. That percentage has remained roughly the same for four decades.
