The rise of the oceans is over.
So is the rise of individual earnings.
/........the real median earnings of Americans dropped in the third quarter of 2013.
.....and it has dropped 3.5% since '09, the end of the recession and the beginning of ObozoConomy.
Sweet!
Not everyone's doing poorly, "The number of workers making $5 million or more grew almost 27 percent, to 8,982 workers, up from 7,082 workers in 2011. Total wages earned by these highly paid workers grew 40 percent — 13 times the overall increase in compensation for workers.
ReplyDeleteEven higher up the ladder, the number of workers making more than $50 million soared even more, from 93 in 2011 to a new record of 166 people in 2012."