[Danzig]

Originally Posted by jms62

Simply Unsustainable ... and in the end ... really Dangerous.

Forty Percent Of Workers Made Less Than $20,000 Last Year
http://thinkprogress.org/economy/201...e-income-data/

Economic musical chairs Del.. Glad you aren't affected.. Yet...

and more than half made less than 30k. we're going in the wrong direction.


“When the average wage grows but the median wage stagnates, it means that, statistically, only workers in the top half of the job market are experiencing increases,” he writes.


most of the wage growth was for the top quarter of earners, or those who make about $50,000 and up. In fact, things are very good at the top. The number of workers making $5 million a year or more jumped by nearly 27 percent over 2011, and their total wages grew 40 percent, or 13 times the increase for all workers.

This income inequality has been growing since the 1970s, as the richest 20 percent of Americans saw their income grow much faster than the bottom 20 percent. But things have accelerated in the economic downturn. For the past three years, those at the top of the income ladder saw their incomes grow by 5 percent while everyone else’s income dropped.