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2001400ex
2001400ex Member Posts: 29,457
http://www.msn.com/en-us/money/markets/incomes-rise-for-bottom-99-pct-us-inequality-still-worsens/ar-AAcizxo

The increase likely reflects robust hiring last year when employers added 3.1 million jobs — the most since 1999.

Incomes for the bottom 99 percent of American families rose 3.3 percent last year to $47,213, the biggest annual gain in the past 15 years, according to data compiled by economist Emmanuel Saez and released Monday by the Washington Center for Equitable Growth.
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Comments

  • dnc
    dnc Member Posts: 56,855
    I gave you an awesome.

    I only read the headlines.
  • 2001400ex
    2001400ex Member Posts: 29,457

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
  • ThomasFremont
    ThomasFremont Member Posts: 13,325
    dnc said:

    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    Rainbow crosswalks
    Flags
  • ThomasFremont
    ThomasFremont Member Posts: 13,325
    Swaye said:

    dnc said:

    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    Rainbow crosswalks
    Flags
    I say we run unicorn horns and fairy dust through woodchippers to generate sustainable dreams for everyone!
    http://games.adultswim.com/robot-unicorn-attack-twitchy-online-game.html
  • HoustonHusky
    HoustonHusky Member Posts: 6,011
    That has to be about the dumbest economic article I've read in a while, but considering it's from a Clinton aide its to be assumed.

    Saying everything is great when grouping 99% together misses the entire point. Add to that saying the average income for said 99% went up 3% in a year the stock market went up 12% and who knows how much housing went up almost guarantees the folks on the lower rungs aren't seeing much if any. But hey, if you have to bend over backwards that much in an attempt to make things look great for a few lapdogs more power to them. Look at median income and such...it actually went up in 2013 (after steadily decreasing the previous few years) to get yourself in a lather.

    And I know you are complete unaware of this but your article is propaganda straight from John Podesta (http://economix.blogs.nytimes.com/2013/11/06/podesta-starting-a-think-tank-on-inequality/). Maybe you should take it as a compliment...you gurgle on it without even knowing...


  • PurpleJ
    PurpleJ Member Posts: 37,773
    2001400ex said:

    Still, income inequality worsened in 2014. The richest 1 percent of Americans posted a much bigger increase in pay: their incomes soared an average of 10.8 percent to $1.3 million. The wealthiest 1 percent also captured 21.2 percent of all income in 2014, up from 20.1 percent the previous year.


    Party of the little guy doing a great job

    How do you propose we fix the income inequality race?
    NINJA loans?