Winner Takes All

From Bloomberg:

“The share that the top 1 percent of earners in the U.S. take from total wages has almost doubled since the 1970s, and Alexey Gorn, a researcher at Bocconi University in Milan, Italy, suggests it may have something to do with the simultaneous rise of professional recruitment firms . . . The top 1 percent of earners in the U.S. made 11 percent of the nation’s wages in 2010, compared with 6 percent in 1978, according to economist Thomas Piketty, author of the 2013 bestseller “Capital in the Twenty-First Century.” Gorn’s research finds that countries in Europe that have become more exposed to the work of recruitment firms show similar patterns.”

Source: Bloomberg

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