Adjusted for inflation, the minimum wage is lower today than it was in 1967, dropping by 20%.

mohandasgandhi:

Recall:

  • Since 1979, the income of the top 1% has increased by 275% even after taxes and income transfers.
  • Half of all workers in the United States make less than $26,364 a year.
crookedindifference: The US now ranks 93rd in the world in “income equality” behind China, India, and Iran.

crookedindifference:

The US now ranks 93rd in the world in “income equality” behind China, India, and Iran.

longreads: “The real hourly median wage in New York between 1990 and 2007 fell by almost 9 percent. Young men and women aged twenty-five to thirty-four with a bachelor’s degree and a year-round job in New York saw their earnings drop 6 percent. Middle-income New Yorkers—defined broadly by the FPI as those drawing incomes between approximately $29,000 and $167,000—experienced a 19 percent decrease in earnings. “The Reign of the One Percenters.”

longreads:

“The real hourly median wage in New York between 1990 and 2007 fell by almost 9 percent. Young men and women aged twenty-five to thirty-four with a bachelor’s degree and a year-round job in New York saw their earnings drop 6 percent. Middle-income New Yorkers—defined broadly by the FPI as those drawing incomes between approximately $29,000 and $167,000—experienced a 19 percent decrease in earnings.

“The Reign of the One Percenters.”