Occupy pile Street “Day of Action” hurts the 99 percent
The facts expose much of the story h/t Barry Ritholtz: 1917-1981: underneath 90 percent, captured 69 percent of take-home pay gains1982-2000: underneath 90 percent, captured 23 percent of take-home pay gains2001-2008: underneath 90 percent had take-home pay losses How did this happen? Technological advances and the opening of the comprehensive labor sell tainted the landscape in support of U.S. workers, but we too know to the money to companies hold earned at some stage in the recovery has mostly stayed inside corporate America and has not trickled down into upper wages, nor has it fashioned as much as necessary jobs to set selected of the 14 million unemployed Americans back to perform. Economists next to Northeastern University found to facilitate from the subsequent quarter of 2009, what time the recovery began to the fourth quarter of 2010, corporate profits captured 88 percent of the growth featuring in real citizen take-home pay while aggregate wages and salaries accounted on behalf of merely somewhat new than 1 percent. single continue note: I recently burst the bubble of OWS supporter, who is a university professor, married to an attorney. Paul seemed disappointed while I told him what did you say? constitutes the top individual percent.