More on the issue of income inequality

David Leonhardt over at the New York Times blog Economix (see here) takes another look at the issue of income inequality.  He summarizes the data as follows:

"Over a longer term, though, the affluent have done extremely well. Since 1980, a household at the cutoff for the top 1/1,000th of earners — making about $1.5 million in 2010 — has received a pay increase of more than 100 percent, after adjusting for inflation. A household in the middle of the income distribution has received an inflation-adjusted raise of only 11 percent."  (See graph below, click to enlarge).