The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War (The Princeton Economic History of the Western World Book 70)

by Robert J. Gordon

Second, after 1970, rising inequality meant that the fruits of innovation were no longer shared equally: though those at the top of the income distribution continued to prosper, a shrinking share of the growing economic pie made its way to the Americans in the middle and bottom of the income distribution.