Bowley's Law

Bowley's Law refers to the observation that in a typical income distribution, the share of total income going to the top earners grows over time, while the share going to the middle and lower earners tends to decline. Essentially, it highlights the increasing inequality in wealth distribution, where a small percentage of people accumulate a larger portion of the total income. This pattern is often linked to economic factors such as globalization, technological advancements, and shifts in labor markets, which can disproportionately benefit those who are already affluent, leading to widening economic gaps within society.