Mark Price & Estelle Sommeiller

Mark Price and Estelle Sommeiller are the authors of “The new gilded age: Income inequality in the U.S. by state, metropolitan area, and county,” published by the Economic Policy Institute.

Recent Articles

The New Gilded Age? It’s Everywhere

A new analysis shows the 1 percent pulling away from the rest of us in every state in the union.

(AP Photo/Seth Wenig)
(AP Photo/Seth Wenig) T he rise in inequality experienced in the United States over the past four-plus decades is not just a story of Wall Street, Hollywood, and Silicon Valley reaping outsized rewards. To be sure, in a new study for the Economic Policy Institute, we find a large share of the nation’s top 1 percent of income concentrated in New York, Los Angeles, and San Francisco. IRS data also make clear, however, that rising inequality and increases in top 1 percent incomes affect every part of the United States. As the first table illustrates, between 1973 and 2015, the top 1 percent of families’ share of income in their states increased in every state. The rise in the concentration of income between 1973 and 2007 represents a sharp reversal of the trend that prevailed in the mid-20th century. Between 1928 and 1973, the share of income held by the top 1 percent declined in every state except Alaska. For all of its considerable flaws—pervasive racial, gender, sexual orientation,...