Wednesday, January 23, 2013

Earnings of the top 1.0 percent rebound strongly in the recovery | Economic Policy Institute

Earnings of the top 1.0 percent rebound strongly in the recovery | Economic Policy Institute
"One important cause of the rapid wage and income growth of the highest earners—particularly the top 1.0 percent—is the sharp increase of corporate CEO pay, a subject explored in The State of Working America, 12th Edition and an EPI issue brief previewing the findings (Mishel and Sabadish 2012). Another is the expansion of the financial sector and the increased pay, relative to other workers, of those in the financial sector. Other factors contributing to the overall increase in wage inequality discussed at greater length in The State of Working America, 12th Edition include policy decisions (of omission as well as commission) such as those concerning globalization, the minimum wage, collective bargaining rights, industry deregulation, and unemployment."