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Monday, February 23, 2015

Fundamentally Flawed - Chapter 3.6, Wages...QE Makes Rich Richer...Poor Poorer

Who has benefitted from nearly all the gains in Wages / Salary since ‘07?  Yup, in the charts below, the top 5% of wage earners reaped nearly all the wage gains and the bottom 60% of wage earners saw effectively zero to 2% wage gains over 6 years.  So, not only did those with assets benefit, those with at the highest income levels also reaped the gains…who indeed has the Federal Reserve been helping?

Source, Census Bureau

Source, Census Bureau
A broader view of who's winning and losing in America.

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