In many respects, the condition of working people when Ware wrote was similar to what we see today as inequality has again reached the astonishing heights of the late 1920s. For a tiny minority, wealth has accumulated beyond the dreams of avarice. In the past decade, 95 percent of growth has gone into the pockets of 1 percent of the population—mostly a fraction of these.9 Median real income is below its level of twenty-five years ago. For males, median real income is below what it was in 1968.10 The labor share of output has fallen to its lowest level since World War II.11 This is not the
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