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NEW: Wages for the top 1% skyrocketed 160% since 1979 and wages for the top 0.1% grew more than twice as fast at 345%. Meanwhile, wages for the bottom 90% grew just 26%. https://www.epi.org/blog/wages-for-the-top-1-skyrocketed-160-since-1979-while-the-share-of-wages-for-the-bottom-90-shrunk-time-to-remake-wage-pattern-with-economic-policies-that-generate-robust-wage-growth-for-vast-majority/ …pic.twitter.com/pX7pysvera
This disparity in wage growth reflects a long-term rise in the share of total wages earned by those in the top 1% and 0.1%. The bottom 90% earned 69.8% of all earnings in 1979 but only 60.9% in 2019. In contrast, the top 1% nearly doubled its share of earnings from 7.3% to 13.2%.
The bottom line: In every period since 1979, wages for the bottom 90% were continuously redistributed upwards to the top 10% and frequently to the very highest 1% and 0.1%. Learn more from @LarryMishel and @joriskywalker:https://www.epi.org/blog/wages-for-the-top-1-skyrocketed-160-since-1979-while-the-share-of-wages-for-the-bottom-90-shrunk-time-to-remake-wage-pattern-with-economic-policies-that-generate-robust-wage-growth-for-vast-majority/ …
News: capitalist will capitalise
Corporations gonna corporate!
Capitalism sucks
Capitalism is actually awesome... but not when teamed with GREED!
Numbers. Stubborn things
I bet the working hours for the top 1% didn’t increase anywhere near 160%. Absolute looting
Dude, they're so good at what they do, they made more time in the day to achieve that 160% increase in working hours.
This is maddening.
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