Monday, May 31, 2021

[NJFAC] What You Should Be Paid vs. What You Are Getting Paid


Comparison is actual income compared to what it would be if income had continued to grow with gdp/capita. See https://www.rand.org/pubs/working_papers/WRA516-1.html
What You Should Be Paid vs. What You Are Getting Paid

How extreme is income inequality in the U.S.? A full-time worker currently earning the national median wage of $50,000 would be making close to $100,000 now — if the country's economic growth had continued to be shared over the last 45 years the way it was in the quarter-century after World War II. In sum, the bottom 90% of American workers would be taking home an additional $2.5 trillion in income every year if economic gains were as equitably divided as they were in the past.



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June Zaccone
National Jobs for All Network
http://www.njfac.org

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