UNDERNEWS: Wage inequality continues to grow

December 20, 2021

Wage inequality continues to grow

Portside

Top 1.0% of earners see wages up 179% since 1979 while share of wages for bottom 90% hits new low

Key numbers:

In 2020, annual wages rose fastest for the top 1.0% of earners (up 7.3%) and top 0.1% (up 9.9%) while those in the bottom 90% saw wages grow by just 1.7%.
The top 1.0% earned 13.8% of all wages in 2020, up from 7.3% in 1979.
The bottom 90% received just 60.2% of all wages in 2020, the lowest share since data began in 1937 and far lower than the 69.8% share in 1979.
Over the 1979–2020 period:
- Wages for the top 1.0% and top 0.1% skyrocketed by 179.3% and 389.1%, respectively.
- Wages for the bottom 90% grew just 28.2%.

1 comment:

Greg Gerritt said...: All US political partiers lie about ther economy and continue to rig it for the 1%.; December 20, 2021 at 4:42 PM

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