This is BX @ Boxden.com


Jan 25 - The Rich Are Enjoying The Recovery While Wages Fall For Everyone Else


 Jan 25 - The Rich Are Enjoying The Recovery While Wages Fall For Everyone Else
topic by RAZAH CUTS - 01-25-2013, 01:30 PM - Boxden > BX Daily Bugle - news and headlines




As income inequality skyrockets, a new report from the Economic Policy Institute finds that the economic downturn and gradual recovery has exacerbated the trend. The wages of the richest Americans are making a dramatic comeback, while the rest of the country has seen its income drop by 1.2 percent since 2007.

The wealthiest earners took a hit in the immediate aftermath of the financial crisis, with wages declining 15.6 percent from 2007 to 2009. But these individuals will quickly recover all their losses, while the bottom 90 percent of Americans continue to see their wages shrink:
As the stock market regained its value in the recovery, one would expect the top 1.0 percent to fare better than other workers—and they have, with annual wages growing 8.2 percent from 2009 to 2011 (the S&P grew 37.4 percent over this period). As the recovery continues and the stock market sustains its growth, the top 1.0 percent of wage earners are likely to quickly recoup all of the ground lost in the downturn.

In contrast, annual wages of the bottom 90 percent of earners eroded by 0.6 percent in the downturn—and by a further 1.2 percent in the 2009–2011 recovery. This is not surprising given the persistently high unemployment over this period. Meanwhile, high-wage earners from the 90th to the 99th percentile enjoyed wage growth in the recovery—and are the only wage earners to have higher wages in 2011 than in 2007.

Entrenched wealth-friendly policies have helped smooth the recovery even more for the super-rich. Even under President Obama, maligned by conservatives as “anti-business,” chief executives have seen their paychecks grow steadily. And as top earners’ total incomes — including wages, capital gains, and other a$sets — recovered, they also benefited from lower tax rates (only some of which was addressed by the recent deal to avert the so-called “fiscal cliff”).

As the EPI report notes, income inequality shot up in recent decades, paused during the economic downturn, and then began growing again in the recovery. The richest 20 percent currently make eight times more than the bottom 20 percent in nearly every state.

The Rich Are Enjoying The Recovery While Wages Fall For Everyone Else | ThinkProgress


Latest News Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

11 comments for "Jan 25 - The Rich Are Enjoying The Recovery While Wages Fall For Everyone Else"


 01-25-2013, 04:37 PMaway - #2
TB 56 heat pts56

  d 
space
$13,224 | POWERFUL
if folks refuse to work and shut the country down, even if just for a day, then they'll get it together cause stocks will drop but we're too divided and folks too stuck on material #### to actually pay attention
 01-25-2013, 04:40 PMaway - #3
Ham Rove 2034 heat pts2034

  d 
space
$37,181 | POWERFUL
PBS just put out a documentary id recommend checking out, its called untouchables.
 01-25-2013, 04:43 PMaway - #4
JBeezy 1 heat pts

  d 
space
$13,533 | POWERFUL
It's really not that hard to understand.

The stimulus and monetary policy that the general public demands in order to "save" the economy benefits the banks and Wall Street first and foremost.
 01-25-2013, 10:35 PMaway - #5
9.18 1 heat pts

  d 
space
$1,616 | 4047187
Originally Posted by TB
if folks refuse to work and shut the country down, even if just for a day, then they'll get it together cause stocks will drop but we're too divided and folks too stuck on material #### to actually pay attention
u right breh...


all we need is unity and we can fix this whole #### in 30 days tops..

but..
 01-26-2013, 04:43 AMaway - #6
WalmartRollback 3 heat pts

  d 
space
$1,796 | 7497627
Originally Posted by 9.18
u right breh...


all we need is unity and we can fix this whole #### in 30 days tops..

but..
People in this country still can;t get past skin color, so doing this is beyond impossible.
 01-26-2013, 07:38 AMonline - #7
philly337 15 heat pts15

  d 
space
$21,555 | POWERFUL
Nothing new...the economy is recovering...every economic indicator shows that...except for one of course...unemployment

these companies are back to making record profits but have not hired the work back from before the recession.
 01-26-2013, 08:48 AMaway - #8
YoungKazzy 48 heat pts48

  d 
space
$3,005 | POWERFUL



 01-26-2013, 08:49 AMaway - #9
YoungKazzy 48 heat pts48

  d 
space
$3,005 | POWERFUL



 01-26-2013, 09:26 AMaway - #10
DUCE 134 heat pts134

  d 
space
$9,353 | POWERFUL
Originally Posted by 9.18
u right breh...


all we need is unity and we can fix this whole #### in 30 days tops..

but..
Originally Posted by WalmartRollback
People in this country still can;t get past skin color, so doing this is beyond impossible.
Originally Posted by philly337
Nothing new...the economy is recovering...every economic indicator shows that...except for one of course...unemployment

these companies are back to making record profits but have not hired the work back from before the recession.
they keep us divided to so this #### dont happen
 01-26-2013, 10:43 AMaway - #11
getyagameup 24 heat pts24

  d 
space
$4,027 | POWERFUL
Originally Posted by TB
if folks refuse to work and shut the country down, even if just for a day, then they'll get it together cause stocks will drop but we're too divided and folks too stuck on material #### to actually pay attention
well, sooner or later there won't be any money for the 99% and there won't be much else to focus on media wise or material wise cuz there won't be any money, so maybe then, MAYBE, after everything is gone or at risk to being gone, mothr####rs will wake the fuk up and try to start handling business. hopefully that's right before there are tanks in the streets.......

Originally Posted by NoTitleSince73
PBS just put out a documentary id recommend checking out, its called untouchables.
will do....

Originally Posted by 9.18
u right breh...


all we need is unity and we can fix this whole #### in 30 days tops..

but..
we too busy talking about having gold all in my chain, and gold all in my range. the white folks set this #### up well....gotta give it to them. they have done such a mental and physical ####ing of the africans they took from africa and all there descendants that i actually have to give them some props. now they have us wanting their #### and to be like them. got dudes wanting bentleys....chicks wanting fake nails and weaves and implants....white people are ####ing evil. not all of them however mostly the ones with money and power. #### can't stay like this forever.........

Originally Posted by WalmartRollback
People in this country still can;t get past skin color, so doing this is beyond impossible.
and that's by design. white folks know what they are doing. they know they completely ####ted on minorities since they got here. left a serious open wound in race relations that is nowhere near healing and that sore continues to be an issue today and will always be until it's addressed. and that prolly won't happen because the mere presence of this conversation is enough of a distraction to take people's mind off of the other heinous #### they have going on. gotta give it to the white man. they know how to divide and conquer really well.

Originally Posted by YoungKazzy
dude has anger issues.....

Originally Posted by cuddyduce
they keep us divided to so this #### dont happen
they sure do, and do it well. bands can make her dance.......gold all in my chain......

its not like we disagree with them and do our own thing. we follow them....right down the path of damnation, literally...this damn nation.
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX Daily Bugle - news and headlines
    
         

 



Latest hot topics on fire the past 48 hrs
Article inside  Xbox One's struggles are traceable to one bad decision
72 comments
Microsoft Investigating Xbox Owners for Fraudulently Refunding ..
81 comments
NFL Dallas Cowboys fans are losing their minds
57 comments
 Video inside Daylyt Video In A Nice Pink Dress And Thot Wear Dissin...
New reply 4 minutes ago - 61 comments - by Star
 audio inside Lupe Fiasco - Mazinger Feat. Pj [prod. By Sx]
New reply 29 minutes ago - 52 comments - by styxz
 audio inside Nas - The Season (full Version)
New reply 6 minutes ago - 122 comments - by MANNYSOSA
 Video inside This Guy Asked A Homeless Man For A Slice Of Pizza. An...
New reply 58 minutes ago - 111 comments - by YungPrinceNY
 Video inside Before Dej Loaf Would Get Your Whole "fombily&quo...
New reply 8 minutes ago - 166 comments - by lilbeast
 Image(s) inside Hov. Migos. Rowdy Rebel
New reply 2 hours ago - 67 comments - by chrismb
 Image(s) inside Nas Gettin Sucked Off By Madonna In The Studio (pic)
New reply 25 minutes ago - 131 comments - by PyrexVisionary
 Image(s) inside Nicki Minaj's Boyfriend Responds To Drake & Wayne ...
New reply 3 hours ago - 105 comments - by Frankybaby

Like BX on Facebook Follow BX on Twitter
5,834 fans of BX | none new today 4,801 following and 2 new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.