59 dollar raise

[kairos12]

Snip:
Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation), according to an analysis by Pulitzer Prize-winning journalist David Cay Johnston for Tax Analysts. During the same period, the average income for the top 10 percent of Americans rose by $116,071, Johnston found. To put that into perspective: if you say the $59 boost is equivalent to one inch, then the incomes of the top 10 percent of Americans rose by 168 feet, Johnston explained to Alternet last week.


Crooked wheel, thumb on the scale, flim-flamming, rigged game.


http://www.huffingtonpost.com/2013/03/25/income-growth-americans_n_2949309.html

[Beacool]

1. Depressing.........

[dionysus]

2. ...but i have the medicine to cheer you up, Bea!

[Beacool]

3. WOW!!!!

A Pooh bankie?????? Now, that's original!!! Never seen one like him.




Thank you!!!

[Laura PourMeADrink]

4. Inflation's up tons since then though, right? actually, why isn't this pretty good?

am I thinking screwy. what did a new car cost in 1966 ? $1000? Now it's $30000 ?

[dsc]

5. that is controlling for inflation

not nominal.