“The continuing growth of the wage gap between high and middle earners is the result of various laissez-faire policies (acts of omission as well as commission) including globalization, deregulation, privatization, eroded unionization, and weakened labor standards…The gap between the very highest earners — the top 1 percent — and all other earners, including other high earners, reflects the escalation of CEO and other managers’ compensation and the growth of compensation in the financial sector.”
— Larry Mishel, President of the Economic Policy Institute, speaking about the institute’s forthcoming study, “The State of Working America.”
TPM’s Brian Beutler looks the EPI’s new reflections on the status of the U.S. worker over the last several decades.
Among the most important charts of our times.
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