The EPI experts noted that"the share of earnings at the very top—the top 0.1% of wage earners—is driving the rising earnings share of the top 1%."
Those at the bottom of the United States' increasingly skewed income distribution haven't fared nearly as well as the wealthy few at the very top, EPI's analysis makes clear. In 2020 and 2021, the first two years of the coronavirus pandemic, the"only group to experience real wage gains... was the top 1% of the earnings distribution."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Buffalo, New York sues gun makers, accusing industry of fueling violenceThe upstate New York city of Buffalo on Tuesday filed a lawsuit in state court accusing major gun manufacturers of fueling violence through irresponsible marketing and sales practices. When are we going to sue the politicians who let the killers out of jail and who promote fascism in state schools? We sue Cadillac for car deaths, Budweiser for DUI deaths and Democrats for the 100,000 fentanyl deaths in the last year. And, how about NY crime rate and the catch and release policy also? Does any of this contribute to gun violence? Or is it just gun manufacturers only?
Source: Reuters - 🏆 2. / 97 Read more »
Micron earnings: Memory-chip slowdown appears to be far from overMicron Technology Inc. shares have fallen more than 45% this year, but the memory-chip specialist is not out of the woods yet as demand continues to be weak.
Source: MarketWatch - 🏆 3. / 97 Read more »
Nike stock jumps after earnings and revenue top expectationsNike earnings and revenue top estimates, but inventories and costs rise who can keep buying $150 sneakers designed to last 3 months and make your back hurt? They make them pennies on the dollar and pay handsome fees to sport figures and ad agencies. WS is never fucking happy
Source: CNBC - 🏆 12. / 72 Read more »