Median wage falls to lowest level since 1998

Reblogged this on Electrica in the Desert

The Secular Jurist

by David Cay Johnston

Commentary: While incomes and jobs stagnate, top earners and corporate profits continue to gain

Wages

An employee counts money in a register at the Westfield San Francisco Centre mall in San Francisco, California, U.S., on Friday, Nov. 23, 2012.David Paul Morris/Bloomber/Getty Images

Last year the median wage hit its lowest level since 1998, revealing that at least half of American workers are being left behind as the economy slowly recovers from the Great Recession.

But at the top, wages soared — the latest indication in a long-running trend of increasing inequality, with income gains going to top earners while the majority of workers see stagnant or falling wages.

Al Jazeera is the first news organization to report these figures from the Social Security Administration (SSA), which were released late in October.

http://america.aljazeera.com/articles/2013/11/4/median-wage-stagnationincomeinequality.html

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