Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
May 27, 2017 Disclaimer: Please read.
x

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.






Rising Star

Truthdig Bazaar more items

 
Ear to the Ground
Email this item Print this item

What If Your Income Grew as Fast as the Top 1 Percent?

Posted on Mar 3, 2014

Photo by ansik (CC BY 2.0)

The editors at Mother Jones reveal how much money you would be earning annually today if the super-rich hadn’t rigged the system.

Use their calculator here.

Mother Jones:

The richest 1 percent of Americans have seen their average income jump more than 270 percent over the past five decades. Meanwhile, the average income of the least wealthy 90 percent of Americans grew an anemic 22 percent during that time. (Those figures are based on inflation-adjusted real dollars.)

… In other words, if you’re in the bottom 90 percent of earners, your current income would be an estimated 205 percent higher if the vast majority of incomes had kept up with the gains experienced by the superwealthy.

At the lowest end of the bottom 90 percent, the difference is even more extreme: If the minimum wage had kept up with the 1 percent, it would be nearly 250 percent higher than it is today.

Read more here.

—Posted by Alexander Reed Kelly.


New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments
Right Top, Site wide - Care2
 
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook