Qtec
10-20-2011, 07:57 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, <span style='font-size: 14pt'>the lowest level, after adjusting for inflation, since 1999.</span>
The number of Americans with any work fell again last year, down by more than a half million from 2009 to less than 150.4 million. [...]
The number of workers making $1 million or more <span style='font-size: 14pt'>rose to almost 94,000 from 78,000 in 2009. </span>However, that was still below some earlier years, including 2007, when more than 110,000 workers made more than $1 million each.
At the very top, <span style='font-size: 14pt'>the number of workers making more than $50 million rose in 2010 to 81,</span> up from 72 the year before. But average pay in this group <span style='font-size: 14pt'>declined $4.5 million to $79.6 million.</span><span style="color: #990000">Really! I say lower their taxes.</span>
This is, of course, in line with lots of other data we have on income inequality. <span style='font-size: 14pt'>Median wages have been stagnant for years — with wage growth in the last decade worse than it was during the Great Depression — while executive compensation has gone up disproportionately.</span> But the data are perhaps the most detailed look at 2010 and, as Johnston notes, <span style='font-size: 14pt'>“show why protests like Occupy Wall Street have so quickly gained momentum around the country.” </span></div></div>
Q
The number of Americans with any work fell again last year, down by more than a half million from 2009 to less than 150.4 million. [...]
The number of workers making $1 million or more <span style='font-size: 14pt'>rose to almost 94,000 from 78,000 in 2009. </span>However, that was still below some earlier years, including 2007, when more than 110,000 workers made more than $1 million each.
At the very top, <span style='font-size: 14pt'>the number of workers making more than $50 million rose in 2010 to 81,</span> up from 72 the year before. But average pay in this group <span style='font-size: 14pt'>declined $4.5 million to $79.6 million.</span><span style="color: #990000">Really! I say lower their taxes.</span>
This is, of course, in line with lots of other data we have on income inequality. <span style='font-size: 14pt'>Median wages have been stagnant for years — with wage growth in the last decade worse than it was during the Great Depression — while executive compensation has gone up disproportionately.</span> But the data are perhaps the most detailed look at 2010 and, as Johnston notes, <span style='font-size: 14pt'>“show why protests like Occupy Wall Street have so quickly gained momentum around the country.” </span></div></div>
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