Friday, April 3, 2015

Dispatch from the class war

Hamilton Nolan brings us the latest news (and it isn't good) from the US class war:
 According to the latest Bureau of Labor Statistics figures, for the year from June 2013-June 2014, every single segment of American workers saw its income decline compared to the year before—except for the top 20% of earners.
The bottom 20% of earners saw their income decline 3.5%
The second 20% of earners saw their income decline 2.7%
The third 20% of earners saw their income decline 2.8%
The fourth 20% of earners saw their income decline 2.1%
The top 20% of earners saw their income rise by almost 1%.
When you are being treated for cancer and you learn that your tumor marker numbers went down, that's good. But in the rotting organism which is the US in decline, these decreases are pretty bad.

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