Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970's, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970's and 1980's, an increasingly clear trend toward greater income inequality emerged. By the end of the 1980's, the top 20 percent of workers were receiving the largest share of income ever recorded by government figures, and the bottom three fifths were receiving the lowest shares ever recorded. …
