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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 19 April 2012 [View all]Demeter
(85,373 posts)31. Workers' Pay Divide Persists
http://online.wsj.com/article/SB10001424052702304818404577350274236191922.html?mod=WSJ_economy_LEADStoryTop
The gap between America's highest- and lowest-paid workers is widening.
Labor Department figures released Tuesday show that between the end of the recession in mid-2009 and the first quarter of 2012, earnings of Americans at the topmeaning those who earned more than 90% of all workersrose 7%, before adjusting for inflation. During the same period, wages of those at the bottommeaning those who earned less than 90% of all workersrose 2.5%.
That pay difference predates the global financial crisis: Between 2003 and 2007, wages grew 12.9% for high earners, compared with 8.4% for the lowest-paid 10% of workers.
The gap between America's highest- and lowest-paid workers is widening.
Labor Department figures released Tuesday show that between the end of the recession in mid-2009 and the first quarter of 2012, earnings of Americans at the topmeaning those who earned more than 90% of all workersrose 7%, before adjusting for inflation. During the same period, wages of those at the bottommeaning those who earned less than 90% of all workersrose 2.5%.
That pay difference predates the global financial crisis: Between 2003 and 2007, wages grew 12.9% for high earners, compared with 8.4% for the lowest-paid 10% of workers.
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