todays paper.
LI NY 90% earn $23,000/yr about $12/hr. 10% of the people earn $140,000/yr $73/hr.
My calculations: The $1.40/hr minimum wage in 1967, to catch up with CPI, should be about $23.50/hr today.
parts:
“Nationwide, the 2015 individual wages of those in the 90th percentile, about $105,000, are 5.3 times those in the 10th percentile, about $20,000.”
“Since the early 1980s, wages have increased more rapidly for workers toward the top of the income distribution than for the median worker, and much more rapidly than for workers toward the bottom of the distribution,”
Story: