Economy Has Failed 90% of All Workers

  • A new report from the nonprofit Rand finds that the median salary would have been as high as $102,000 for a full-time employee if wages increased at the same pace as GDP.
  •  As wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.
  • “Unlike the growth patterns in the 1950s and 1960s, the majority of full-time workers did not share in the economic growth of the last forty years,” the report’s authors wrote. 

See full story here.

Categories: Business, Labor

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: