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America is a capitalist country, not by decree, but it has turned out that way – at least for now. As such, people aren’t surprised when they hear that management makes more than the janitor. When asked how much the difference should be, the median response is for the boss to make about seven times as much as the lowest wage earner. It is generally agreed, however, that the difference is a factor of forty. The reality is that the difference is a factor of over eight hundred. Whatever the level, a healthy, sustainable system has limits to every key value. Because there is a big difference between reality and what we think is reasonable, there is reason to believe that the system is unstable. Even comparing average workers’ salaries internationally, the US data far exceeds even the second most unequal country: Switzerland.

(Click on the chart for the link.)

“We Are The Most Unequal Society In The Developed World” – Salon

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One thought on “Updated US Income Inequality

  1. Pingback: Data That Matters October 2015 | Pretending Not To Panic

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