The provided line chart illustrates the percentage of income share received by the top 1 percent, including 7 countries, over 40 years starting from 1975. Generally speaking, the initial rates of the countries were relatively similar to others, however, throughout the period, the data seemed to increase dispersedly, especially for the U.S., and the final rates of some countries remained comparably close, with the example of Canada, Germany, and the UK.
The percentage of the U.S.’s income share started at roughly 8%. Its growth rate was marginal in the first ten years, before having a sharp rise to 13% in 1985. Following the acceleration, the U.S. raised its level dramatically, peaking at 19% in 2012 before ending at 1% lower in 2015, being the highest among the 7 seven countries.
Examining the beginning values of the remaining 6 countries in 1975, it can be readily noticed that the starting level of Germany was distinct from other countries’ figures, at a significant 10%, while the rest varies between 6% and 8%. The percentage of the UK had just been measured from 1990 at 9%. In 2008, the UK and Canada were at the same level of 14%, while Germany came to its maximum value at a stark 15%. 2 years later, These three countries seemingly arrived at approximately 13%.
Among the three remaining countries, France obviously had the best start at 8%, which is similar to Canada. These rates varied with inconsiderable fluctuations before Japan and Italy both ended their lines at 9% in 2010. This left France over 1% below before raising to the same level one year later.