While unemployment rates in this recovery are similar to what we saw in the late 1990s recovery, wages have not grown nearly as fast or as evenly across race and gender as they did during that period. From 1996 to 2000, wage growth was above 9% for white men, white women, and black women, and […]
CEO compensation has grown 940% since 1978
Chief executive officers (CEOs) of the largest firms in the U.S. earn far more today than they did in the mid-1990s and many times what they earned in the 1960s or late 1970s. They also earn far more than the typical worker, and their pay has grown much more rapidly. Importantly, rising CEO pay does […]
Low-Income Working Families: The Racial/Ethnic Divide
There is a large and growing economic divide among America’s 32.6 million working families,2 with whites and Asians at the top and other racial/ethnic groups falling behind. In 2013, working families headed by racial/ethnic minorities were twice as likely to be poor or low-income (47 percent) compared with non-Hispanic whites (23 percent)—a gap that has […]
The Federal Reserve Board’s Recent Figures on the Outrageous Unequal Distribution of Wealth
The wealthiest 1% held 23.3% of the nation’s total wealth in 1989. That amount grew to 31.1% as of the first quarter of 2019. The share of the wealthiest 10% that includes the top 1% went from 60.8% to 70.1% meaning that over 80% of the increase in the share of the top 10%’s net […]
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