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Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, August 23, 2010

Middle Class report

The boom in stocks and real estate, [the US's] borrowing spree and ... consumer spending have long masked the fact that the overwhelming majority of Americans derived almost no benefit from 30 years of economic growth. In 1978, the average per capita income for men in the United States was $45,879 (about €35,570). The same figure for 2007, adjusted for inflation, was $45,113 (€35,051)..

In 1950, the average corporate CEO earned 30 times as much as an ordinary worker. Today it's 300 times as much...Income inequality in the United States is greater today than it has been since the 1920s.
---Thomas Schultz, Spiegle Online, 8/19

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