Income inequality greater than in 1774

A string of historical studies shames current U.S. income distribution

Topics: Academia, American History, History, Income inequality, The Atlantic, 1774,

Income inequality greater than in 1774 John Trumbull's "Declaration of Independence." According to a study, income inequality is greater now than it was when the Declaration was signed (Wikimedia)

In the past year a steady stream of articles has trumpeted the gravity of current U.S. income inequality levels. We’ve not seen these levels of wealth inequality since before the Great Depression, analysts remark. The Roman Empire, one study argued, was more equitable than the United States is now. And on Wednesday, the Atlantic picked up on another alarming comparison: “Income inequality is worse now than during slavery.”

Jordan Weissman writes:

The conclusion comes to us from an newly updated study by professors Peter Lindert of the University of California – Davis and Jeffrey Williamson of Harvard. Scraping together data from an array of historical resources, the duo have written a fascinating exploration of early American incomes, arguing that, on the eve of the Revolutionary War, wealth was distributed more evenly across the 13 colonies than anywhere else in the world that we have record of.

Weissman urges caution, noting that such a study of the “thinly recorded past” necessarily involves “lots of conjecture” as authors use sources like old tax lists, occupational directories, census documents and early scholarship. “They’re not so much taking a snapshot of what life was like as they are making a messy collage,” he notes.

You Might Also Like

The study authors conclude that income distribution was more equal in colonial America than in countries including England and the Netherlands in the late 18th century. More striking, they find that U.S. income distribution is less equal now than in 1774. Weissman notes, “By the time the Civil War came, the top one percent of U.S. households laid claim to 10 percent of the nation’s income, versus about seven percent during the founders’ era. Today, the same group accounts for about 19 percent.”

Of course, as Weissman is keen to stress, the study does not mention the many political and racial inequalities that have significantly diminished since 1774 (slavery, for one). “The paper only suggests that on a strictly dollars and cents basis, income was skewed less towards the rich during the colonial era than it is today,” he notes.

It doesn’t take a Foucauldian scholar to be skeptical of this sort of historical comparison, which leaves questions of the operation of income and power in a given context and era totally unexamined. At the very least, what this study does illustrate — along with those comparing pre-Great Depression or Roman Empire inequality levels — is a current scholarly interest in our current income inequality levels.

Natasha Lennard
Natasha Lennard is an assistant news editor at Salon, covering non-electoral politics, general news and rabble-rousing. Follow her on Twitter @natashalennard, email nlennard@salon.com.

More Related Stories

Featured Slide Shows

  • Share on Twitter
  • Share on Facebook
  • 1 of 8
  • Close
  • Fullscreen
  • Thumbnails
    Sonic

    7 ways Americans have defiled the hot dog

    Sonic's Bacon Double Cheddar Croissant Dog

    Sonic calls this a "gourmet twist" on a classic. I am not so, so fancy, but I know that sprinkling bacon and cheddar cheese onto a tube of pork is not gourmet, even if you have made a bun out of something that is theoretically French.

    Krispy Kreme

    7 ways Americans have defiled the hot dog

    Krispy Kreme's Doughnut Dog

    This stupid thing is a hotdog in a glazed doughnut bun, topped with bacon and raspberry jelly. It is only available at Delaware's Frawley Stadium, thank god.

    KFC

    7 ways Americans have defiled the hot dog

    KFC's Double Down Dog

    This creation is notable for its fried chicken bun and ability to hastily kill your dreams.

    Pizza Hut

    7 ways Americans have defiled the hot dog

    Pizza Hut's Hot Dog Bites Pizza

    Pizza Hut basically just glued pigs-in-blankets to the crust of its normal pizza. This actually sounds good, and I blame America for brainwashing me into feeling that.

    Carl's Jr.

    7 ways Americans have defiled the hot dog

    Carl's Jr. Most American Thick Burger

    This is a burger stuffed with potato chips and hot dogs. Choose a meat, America! How hard is it to just choose a meat?!

    Tokyo Dog

    7 ways Americans have defiled the hot dog

    Tokyo Dog's Juuni Ban

    A food truck in Seattle called Tokyo Dog created this thing, which is notable for its distinction as the Guinness Book of World Records' most expensive hot dog at $169. It is a smoked cheese bratwurst, covered in butter Teriyaki grilled onions, Maitake mushrooms, Wagyu beef, foie gras, black truffles, caviar and Japanese mayo in a brioche bun. Just calm down, Tokyo Dog. Calm down.

    Interscope

    7 ways Americans have defiled the hot dog

    Limp Bizkit's "Chocolate Starfish and the Hot Dog Flavored Water"

    This album art should be illegal.

  • Recent Slide Shows

Comments

0 Comments

Comment Preview

Your name will appear as username ( settings | log out )

You may use these HTML tags and attributes: <a href=""> <b> <em> <strong> <i> <blockquote>