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  • After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. …By comparison, the average real income of the other 95% of households grew less than 10%.

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After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. …By comparison, the average real income of the other 95% of households grew less than 10%.

As a general rule, when something gets elevated to apple-pie status in the hierarchy of American values, you have to suspect that its actual monetary value is skidding toward zero. Take motherhood: nobody ever thought of putting it on a moral pedestal until some brash feminists pointed out, about a century ago, that the pay is lousy and the career ladder nonexistent. Same thing with work: would we be so reverent about the 'work ethic' if it wasn't for the fact that the average working stiff's hourly pay is shrinking, year by year.
The models that have been constructed agree that when, as has been predicted, the level of carbon dioxide or its equivalent in other greenhouse gases doubles from pre-Industrial Revolution concentrations, the global average temperature will increase, and that the increase will be 1.5 to 4.5 degrees Celsius or 3 to 8 degrees Fahrenheit... In Dallas, for instance, a doubled level of carbon dioxide and other gases like methane, would increase the number of days a year with temperatures above 100 degrees from 19 to 78 each year.

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