Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
US House 45-day stopgap funding bill with no aid for Ukraine gets enough votes.
Armenia quickly denied the allegations of killing an Azerbaijani soldier, saying the claim its forces had opened fire on Azerbaijani positions "does not correspond to reality".
Azerbaijan says a soldier was killed by a sniper on the Armenian border.
White House: The US is monitoring a troubling Serbian military deployment along the border of Kosovo that is causing tensions.
White House: Serbia and Kosovo must fulfill their commitments and avoid taking any provocative steps.
White House spokesperson John Kirby urges Serbia to withdraw its forces from its borders with Kosovo.
Hezbollah condemns terrorist blasts carried out against worshippers in Pakistan.
NATO: Decision to deploy additional forces to address the current situation in Kosovo.
Al Mayadeen correspondent reports more than 50 people were injured when a bomb exploded in the Mastung area of the Pakistani province of Balochistan.
Iranian Intelligence Minister Esmaeil Khatib: The assassinations were scheduled to be carried out on Saturday with the aim of stirring up national and sectarian strifes in the country

Top 1% in the US took about 15% of all salaries of 2021

  • By Al Mayadeen English
  • Source: News websites
  • 22 Dec 2022 16:12
  • 1 Shares
  • x

US millionaires faced wage increases at a time when workers in the US witnessed wage decreases throughout 2021.

  • US millionaires get richer as workers get poorer (Getty images)
    US millionaires get richer as workers get poorer (Getty images)

The gap between US millionaires and the average working class citizen widened in 2021, according to statistics. The top 1% of multimillionaires had the largest income increases in real, inflation-adjusted, dollars while the salaries of the bottom 90% decreased.

The top 1% of earners will see their yearly incomes climb by 9.4% in 2021. The top incomes of the top 0.1% increased by 18.5%, making them the wealthiest of the one percent.

Related News

England braces for 5-day strike over pay by junior hospital doctors

Mass protests held across Paris over inflation, low salaries

This is in sharp contrast to the salary trend for the lowest 90%, who saw a 0.2% pay drop in real wages in 2021. This allowed the top 1% to take about 15% of all salaries last year — and, in fact, the top 1% was the only group whose pay increased in 2021. Meanwhile, the bottom 90%'s wage share fell to a historic low of 58.6%.

The Economic Policy Institute (EPI) analyzed Social Security Administration statistics and examined pay patterns over the last four decades.

NEW: Wages rose fastest for the top 1% and 0.1% of earners in 2021, while the bottom 90% took a pay cut.

Inequality has skyrocketed over the past 40 years. This growing inequality isn’t inevitable—it is a result of policy choices to reduce worker power. https://t.co/h1Ex1MdaAX pic.twitter.com/WQYPjiqkjO

— Economic Policy Institute (@EconomicPolicy) December 21, 2022

Read more: US Senate passes 2023 $850bln defense bill

  • employees' wages
  • US wages
  • US
  • US inflation

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
US President Joe Biden and Ukrainian President Volodymyr Zelensky
Europe

'Not 1 more cent': Americans are done with funding Ukraine's paychecks

baykar
MENA

Baykar to invest $100mln in three Ukrainian projects, CEO says

The new Iranian destroyer Sahand sails in Gulf waters, in Bandar Abbas, Iran, on December 1, 2018 (Iranian Army via AP)
MENA

Iran navy commander unveils plans for Antarctic permanent presence

The Capitol in Washington, Monday, Sept. 30, 2013, as the government teeters on the brink of a partial shutdown at midnight unless Congress can reach an agreement on funding. (AP)
US & Canada

US government hours from shutdown, funding chaos

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS