Median weekly earnings of full-time workers (workers 25 years old & older, 2006 dollars) High school dropouts have, by contrast, seen their real median weekly earnings decline by about 22 percent. Only college graduates have experienced growth in median weekly earnings since 1979 (in real terms). The Annual Homeless Assessment Report to Congress. Department of Housing and Urban Development. The ranks of the sheltered homeless include disproportionate numbers of males, blacks, middle-aged people (i.e., ages 31-50), veterans, and disabled. There are 750,000 Americans who are homeless on any given night, with one in five of them considered chronically homeless. Washington, D.C.: Economic Policy Institute. More compensation heading to the very top: Ratio of average CEO total direct compensation to average production worker compensation, 1965-2009. CEO pay in relation to the average production worker's compensation
This chart shows how this ratio between the compensation of CEOs and production workers took off in the 1980s. Recent decades have seen a clear increase in the difference between CEO compensation and that of the average worker in manufacturing or “production.” CEOs in 1965 made 24 times more than the average production worker, whereas in 2009 they made 185 times more.
“Upper Tail” inequality growing steadily: Men's wage inequality, 1973-2009. We find that lower-tail inequality rose sharply in the 1980s and contracted somewhat thereafter, while upper-tail inequality has increased steadily since 1980. “Lower-tail” inequality is measured here by taking the ratio of wages at the middle of the income distribution (i.e., the 50th percentile) to those near the bottom of the distribution (i.e., the 10th percentile) “upper-tail” inequality is measured by taking the ratio of wages near the top of the distribution (i.e., the 90th percentile) to those at the middle of the distribution (i.e., the 50th percentile of workers). This general characterization of the inequality trend oversimplifies, though, the actual pattern of change: The chart below shows that the trend at the top of the income distribution (the “upper tail”) is not exactly the same as the trend at the bottom of the distribution (the “lower tail”). Over the last 30 years, wage inequality in the United States has increased substantially, with the overall level of inequality now approaching the extreme level that prevailed prior to the Great Depression.
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