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Daily Digit: Gap in wages of 54 to 1

Wednesday, 19 Dec, 2012 - 01:06

Dec. 19 - The gap between top wage earners and low wage earners in Washington, D.C. is 54 to 1, a microcosm of what's going on in cities across America, according to an exclusive look at the growing state of income inequality. Conway G. Gittens reports.

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The Daily Digit is 54 to 1. A statistic that shows the gap between top wage earners and low wage earners in Washington, D.C. The findings are part of a Reuters exclusive tracking changes in income distribution in America. The report reveals the top 5% of households in the U.S. capitol made more than $500,000 on average last year, while the bottom 20% earned less than $9,500. This gap between rich and poor proved to be wider in Washington, D.C., than in any of the 50 states and all but two major cities; a microcosm of income inequality in the United States, which has risen to levels last seen in the years before the Great Depression. Overall, inequality has increased in 49 of 50 states since 1989. The poverty rate increased in 43 states, most sharply in the housing-ravaged state of Nevada, and in Indiana, which saw a rise in low-paying jobs.

Daily Digit: Gap in wages of 54 to 1

Wednesday, 19 Dec, 2012 - 01:06

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