Share on Google Plus Share on Twitter 2 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (3 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

Workers Left Behind - 30+ Years Of Shocking Decline (Chart)

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
Income inequality has grown over the last 30 years + driven by 3 dynamics: rising inequality of labor income (wages & compensation), rising inequality of capital income, and an increasing share of income going to capital income rather than labor income. As a consequence, examining market-based incomes one finds that "the top 1% of households have secured a very large share of all of the gains in income--59.9 percent of the gains from 1979--2007, while the top 0.1 percent seized an even more disproportionate share: 36%. In comparison, only 8.6% of income gains have gone to the bottom 90%." A key to understanding this growth of income inequality--and the disappointing increases in workers' wages and compensation and middle-class incomes--is understanding the divergence of pay and productivity. "The big shift is really in the '80s, which I would attribute to Fed Chairman Paul Volcker..."

Read the rest of the story HERE:

At www.epi.org

- Advertisement -
- Advertisement -