This Morning’s Income Inequality News
Full-time female workers earn 79 cents for every $1 earned by men. At the current annual gain of 0.4 cents, they will achieve parity by mid-2063.
A government figure that measures the gap between rich and poor shows U.S. income inequality has surpassed the level found in Rwanda and is now double Sweden’s rate. The gap was highest in the Naples-Marco Island, Florida, metro area.
New numbers from the U.S. Census bureau have been released today, and it has a lot of gloomy news: women still earning less than men; the gap between the rich and poor is larger; we’re taking longer commutes to get to work (25.5 minutes on average); salaries have fallen or have remained flat for the 339 of 526 occupations tracked by the Census; household income dropped to $50,502, a 2 percent inflation-adjusted drop.