SHARE OF NATIONAL INCOME GOING TO WAGES AND SALARIES AT RECORD LOW IN 2006: Share of Income Going to Corporate Profits at Record High
By Aviva Aron-Dine and Isaac Shapiro
Commerce Department data released today show that the share of national income going to wages and salaries in 2006 was at its lowest level on record, with data going back to 1929.[1] The share of national income captured by corporate profits, in contrast, was at its highest level on record.
http://www.cbpp.org/8-31-06inc.htm
Over the 1992 to 2005 period the median CEO saw pay rise by 186.2%, while
the median worker saw wages rise by just 7.2%. In 1965 U.S. CEOs in major
companies earned 24 times more than an average worker;
this ratio grew to 262by 2005.
http://www.stateofworkingamerica.org/news/SWA06Facts-Wages.pdf
In the period between 1979-2003, household income grew 1% for the
bottom fifth of households, 9% for the middle fifth, and 49% for the top
fifth. Household income more than doubled—
up 111%—for the top
1%.
http://www.stateofworkingamerica.org/news/SWA06Facts-Income.pdf
