The Real Story of Our Economy: Why Our Standard of Living Has Stalled Out | | AlterNet

These facts cannot be repeated often enough…

Especially since the Corporate media chooses to ignore them…

The average real wage of the non-supervisory production workers (which comprise 82.4 percent of total private non-farm employees) actually declined by 9 percent between 1975 and 2010.

Meanwhile the top 1 percent saw their share of national income rise from 8 percent in 1975 to 23.5 percent in 2005

More amazing still, the wage gap between the top 100 CEOs and the average worker jumped from $45 to $1 in 1970 to an unbelievable $1,723 to $1 in 2006

Today after the crash, financial incomes are so enormous that in 2010, John Paulson, the top hedge fund manager, earned $2.4 million an HOUR (not a misprint), and his tax rate is less than yours

via The Real Story of Our Economy: Why Our Standard of Living Has Stalled Out | | AlterNet.

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