Increasing Income Inequality: Lessons from the NFL
For the entire U.S. population, the top 20 percent of American households earned a 50% share of total income in 2008 according to the Census Bureau, slightly higher than the 49.8% share of income for the top fifth of households in 2000.
In other words, there is significantly greater income inequality in the NFL than in the general U.S. population, both in terms of the share of income going to the top 20% in 2000 (56.3% for the NFL vs. 49.8% for the entire U.S.) and 2008 (59.5% vs. 50%), and also in terms of the increase over time for the top quintile’s share of total income (56.3% to 59.5% for the NFL between 2000 and 2008 vs. 49.8% to 50% for the general population).
What can we learn from the significant income inequality in the NFL? Find out here at The Enterprise Blog.