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Topic: Widest salary gap ever - median flat
| Author | Message |
| mailbag | Posted – 6/10/2007 8:20:23 AM | show profile | email poster As Ugo continues to point to this -- the NYT wrote a story on the widening wealth gap in the USA. Check it out... the median salary is flat for past few years while the high end soars. In 1968 the difference from the median overall and low income earners was $13K. Today that gap is $18K. The same gap for high income grew from $14K in 1968 to $32K today. Keep in mind that marketing companies, food suppliers, housing, all products, target high earnings not low income. So, the gap only tells half the story. That low income in 1968 was still worth something. Figures should be of concern to this profession since journalism salaries are on that low end along with kitchen help. Check out average "high" women's vs men's salaries - there is a $20K annual gap now. http://www.nytimes.com/ref/magazine/20070610_WEALTH_GRAPHIC.html?_r=1&oref=slogin |
| UGoGirl | Posted – 6/10/2007 9:12:32 AM | show profile I'm reading a book on the Great Depression (why can't I just stick with the Oprah book club?) and although there are many different theories as to what started the great depression, this particular author believes part of it was the income disparity (then as now the rich were getting richer off the backs of the middle/low income). TS did of course HTF. As you know, I can't help believing that this card house is going to come tumbling down, as we can't continue living far beyond our means forever, assuming that forever the rest of the world will enable us by lending us money for wars, consumer crap, etc. |
