Meet the CEO Who Cut Worker Pay in Half While Pulling in $21 Million Last Year

[hfojvt]

36. but MANY are actually feasting

consider this

average income of the top .1% - $7,437,986
average income of the top .9% = $755,246
average income of the top 4% = $227,956
average income of the next 5% = $165,389
average income of the next 40% = $61,890

There's 9% of the country making over $165,389 a year (besides the top 1%). That's 9 million families, NOT a "tiny few".

Then there's the bottom 50%

average income of the next 25% = $21,835
average income of the bottom 25% = $8,735

So there's ONE person making $19 an hour. At $38,000 a year they are already well above the average for the bottom 50%. If they have a spouse with even a minimum wage job, their household income would be $52,000.

Greed IS NOT the answer, but what about the greed expressed here for a person doing better than 50% of the rest of the country but some here think THAT person should get MORE. As if paying that person $25 or $40 an hour is somehow gonna help the 25% of the country that makes $8,735 a year.

Sure, maybe their $40 an hour will trickle down to those making minimum wage.