Friday, February 3, 2017
Wage Disparity Trend Continues
"Top wage earners last year made 5.05 times what their lowest-income counterparts took home, the widest gap in data going back to 1979, according to the Labor Department. What’s worse, it shows the most recent improvement -- in 2014 -- was just a blip, and the trend is again moving in the wrong direction seen over almost four decades.
Americans near the top of the income scale, whose weekly earnings exceed those of 90 percent of all full-time wage and salary workers, made at least $2,095 in a typical week last year, according to the report released Jan. 24. Those in the bottom 10 percent earned less than $415."
Source: Bloomberg Markets, 1/26/17, Read More...