Steve Rattner(@SteveRattner):Wages grew in step with the stock market for the first decades of the postwar boom. Since Reagan, stocks have skyrocketed while wages stayed on the same trajectory: +9,686% vs. +1,196%. That gap is a big driver of inequality — and a case for taxing capital more like work.

Steve Rattner

@SteveRattner

Former head of Obama Auto Task Force. Wall Street financier. Contributing Writer to NY Times Op-Ed. Morning Joe Economic Analyst. 🌐

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Steve Rattner@SteveRattner

2026.08.24 17:05

Wages grew in step with the stock market for the first decades of the postwar boom. Since Reagan, stocks have skyrocketed while wages stayed on the same trajectory: +9,686% vs. +1,196%. That gap is a big driver of inequality — and a case for taxing capital more like work.