November 4, 2014

Real economics: Income inequality

Analysis by the AFL-CIO shows that the average U.S. CEO was paid 331 times more than their average worker last year, and 774 times more than a minimum wage worker. That's a significant increase in the past three years

During recovery, wealth at top went up 28% while rest went down 4%

Bottom 90% earning only $59 more than in 1966

 

As union density went down, inequality went up




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