Today we get our first look at American wages in 2010 based on payroll taxes reported to the Social Security Administration. David Cay Johnston picks out the most important takeaways, including:
1) Half of all workers made less than $26,364, the median wage in 2010. That means the typical wage is at its lowest level since 1999, after adjusting for inflation. MORE...
Saturday, October 22, 2011
"50% of All Workers Made Less than $26,000 in 2010" (with chart)
Derek Thompson (The Atlantic):