The Gap That's Now a Chasm

MWB, at The Canary Sings, has a great post up about the wage gap. As many of us struggle with gas at $4+ per gallon, higher grocery bills, and actually everything getting more expensive these days, this should make your blood boil:

Outrage of the day - wages

The Economic Policy Institute has in their snapshot a focus on wage growth:

But when it comes to the wage income of the highest of the high earners, the staggering gap has become a chasm: in 2004 the upper one-tenth of 1% earned 70.4 times as much as the average person in the bottom 90% of the income scale. Just 25 years earlier in 1979, the ratio that was only 21.0-to-1. In other words, in 1979 it took the highest-paid earners 12.4 days to make what most other earners did in a year, but by 2004 that feat was accomplished in a mere 3.7days.

There is a lot of other good stuff as well. Check it out!


UPDATE: Check out Big Pimpin' CEO Style posted by Fran at FranIAm.

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