Numbers Don't Lie

Saturday, August 26, 2006

Where have America's money gone to ?

1) over last 35 years, the rise in wages and salaries in the wide middle of the income distributions was 11%. The rise in wages and salaries at the top 0.01% of the income distribution was 617%.
2) between 1966 - 2001, only 10% of America workers saw their income rise at least as fast as economy-wide productivity did.
3) from 1997 - 2001, the top 1% of people captured far more of the real national gain in wages and salary income than did the bottom 50%.
Source: The Atlantic, Sept. 2006.

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