Tuesday, November 5, 2013

Income soars at the top, falls for the lower half

David Cay Johnston @ Al Jazeera:
Last year the median wage hit its lowest level since 1998, revealing that at least half of American workers are being left behind as the economy slowly recovers from the Great Recession.

But at the top, wages soared — the latest indication in a long-running trend of increasing inequality, with income gains going to top earners while the majority of workers see stagnant or falling wages...