Monday, February 27

In the New York Times there was a piece on the income of Americans. Constantly you hear of the income gap between people, rich get richer... poor get poorer, etc. etc. It's been reported this year that the income of college graduates has decreased 5% between 2000 and 2004. From 1974 to 2004 average earnings of college graduates rose less than 1% per year. So where have the big gains been made?

Well the top 99th percents income rose 87%. The top 99.9% rose 181%. The top 99.99% rose 497%.
99th percents income is around 402,000 per year
99.9 percents income is around 1,672,000 per year
99.99 is estimated to be $6 million per year.

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