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America's income inequality is so bad that the typical full-time salary could have been $102,000 if wages kept up with the overall economy
A new report from the nonprofit Rand finds that the median salary would have been as high as $102,000 for a full-time employee if wages increased at the same pace as GDP. The median income right now is half that, at $50,000. The average wage of 44% of workers before the pandemic was as low as $18,000, according to Brookings. And as wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth. "Unlike the growth patterns in the 1950s and 1960s, the majority of full-time workers did not share in the economic growth of the last forty ... (full story)
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