Income Inequality: Difference between revisions
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[https://www.commondreams.org/views/2021/12/13/wage-inequality-continued-increase-2020 by Lawrence Mishel 13/12/21 Common Dreams] | [https://www.commondreams.org/views/2021/12/13/wage-inequality-continued-increase-2020 by Lawrence Mishel 13/12/21 Common Dreams] | ||
Newly available wage data from the Social Security Administration allow us to analyze wage trends for the top 1.0% and other very high earners as well as for the bottom 90% during 2020. The upward distribution of wages from the bottom 90% to the top 1.0% that was evident over the period from 1979 to 2019 was especially strong in the 2020 pandemic year, yielding historically high wage levels and shares of all wages for the top 1.0% and 0.1%. Correspondingly, the share of wages earned by the bottom 95% fell in 2020. | Newly available wage data from the Social Security Administration allow us to analyze wage trends for the top 1.0% and other very high earners as well as for the bottom 90% during 2020. The upward distribution of wages from the bottom 90% to the top 1.0% that was evident over the period from 1979 to 2019 was especially strong in the 2020 pandemic year, yielding historically high wage levels and shares of all wages for the top 1.0% and 0.1%. Correspondingly, the share of wages earned by the bottom 95% fell in 2020. | ||
=====For Equal Pay Day, Let’s Finally Close the Gender Pay Gap===== | |||
[https://www.commondreams.org/opinion/close-gender-pay-gap by lise Gould 12/3/24 Common Dreams] | |||
March 12 is Equal Pay Day, a reminder that there is still a significant pay gap between men and women in our country. The date represents how far into 2024 women would have to work on top of the hours they worked in 2023 simply to match what men were paid in 2023. Women were paid 21.8% less on average than men in 2023, after controlling for race and ethnicity, education, age, and geographic division. | |||