The NYTimes
takes a look at the difference between income brackets and consumer spending. The top fifth of all income is 15 times higher than the bottom fifth, but the gap in consumption is only 4-to-1, or four times the bottom fifth of the population. How can that be?

At the "average" wage, the price of:
- a VCR fell from 365 hours in 1972 to a mere two hours today
- a cellphone dropped from 456 hours in 1984 to four hours
- a personal computer, with thousands of times the computing power of the 1984 I.B.M., declined from 435 hours to 25 hours
- a mid-size Ford sedan declined by 6 percent in the last ten years
The bottom line is increased international trade - globalization - is bringing costs down and narrowing the gap between what the rich can have, and what everyone else is getting closer to having too.