“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken from EPI. Partial read of a larger report. Details from year twenty-one finds annual wages rising the fastest for the top 1% of earners (up 9.4%) and top 0.1% (up 18.5%) Those in the bottom 90% saw their real earnings fall 0.2% between 2020 and 2021. Workers in the 90th–99th percentile of the earnings distribution also experienced real losses in 2021. Top 1% in 1979 and 2021. The top 1% earned 14.6% of all wages in 2021—twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record, and
Topics:
run75441 considers the following as important: EPI, politics, Taxes/regulation, US EConomics
This could be interesting, too:
NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
Joel Eissenberg writes Will DOGE be an exercise in futility?
Bill Haskell writes The spider’s web called Healthcare Insurance
“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken from EPI. Partial read of a larger report.
Details from year twenty-one finds annual wages rising the fastest for the top 1% of earners (up 9.4%) and top 0.1% (up 18.5%) Those in the bottom 90% saw their real earnings fall 0.2% between 2020 and 2021. Workers in the 90th–99th percentile of the earnings distribution also experienced real losses in 2021.
Top 1% in 1979 and 2021.
The top 1% earned 14.6% of all wages in 2021—twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record, and far lower than their 69.8% share in 1979.
From 1979 to 2021;
Wages for the top 1% and top 0.1% skyrocketed by 206.3% and 465.1%, respectively, while wages for the bottom 90% grew just 28.7%.
On an annualized basis, bottom 90% wages grew only 0.6% per year, compared with 2.7% and 4.2% annualized wage growth for the top 1% and top 0.1%, respectively.
“Inequality in annual earnings worsens in 2021: Top 1% of earners get larger share of the earnings pie. Bottom 90% lose ground,” Economic Policy Institute, (epi.org), Elise Gould and Jori Kandra