There has always been a gender gap in jobs and wages, but until recently it was narrowing. In the 1980s and 1990s, American women’s wages rose rapidly toward – but never reaching – parity with men’s. Since the year 2000, however, women’s wages have stagnated.
Outrageous CEO pay is tearing apart American society. Only a few people are CEOs, but CEOs set the tone for pay and expectations for top professionals in all fields.
The Qantas management has effectively declared war on its current passengers in order to boost future profits for its investors.
Not much, really. Greece makes up less than 2% of the European Union’s combined national income. The problems of the Greek economy are only a big deal because a few politically powerful European banks made investments that they now regret.
The center of the global hedge fund industry isn’t lower Manhattan. It’s in the far suburbs of New York, in leafy Greenwich, Connecticut. If the Occupy Wall Street kids want to kick corporate capitalism where it hurts the most, they might consider following the real money out to Greenwich.
Median male income hasn’t just stagnated since 1970. Wages for American men have actually declined.
Since 1973 the wage earned by the average American has declined by 7.5%. How is it possible that the average job pays less than it did in 1973 when the economy has doubled?
An Australian entry-level fast food worker makes more than the median — middle — average American. This must be mind-boggling to many of you.