Thursday, October 20, 2011

Frightening statistics . . .

-- Between 1977 and 2007, the top 1% earners' share of national income jumped from roughly 9% to 23.5%, a level only bested once in our history -- in 1928.
-- The CEO-to-worker pay ratio has also skyrocketed: At the start of the 1980s, CEOs made roughly 40 times as much as bottom-rung workers; by 2010, they took home between 300 and 400 times as much.
-- The divergence is even greater among the super-rich: The top 0.1% (roughly 150,000 families) now make roughly 10% of the nation's total income -- so they're pulling away even from the rest of the rich themselves.