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“The real hourly median wage in New York between 1990 and 2007 fell by almost 9 percent. Young men and women aged twenty-five to thirty-four with a bachelor’s degree and a year-round job in New York saw their earnings drop 6 percent. Middle-income New Yorkers—defined broadly by the FPI as those drawing incomes between approximately $29,000 and $167,000—experienced a 19 percent decrease in earnings.”

“The Reign of the One Percenters.” — Christopher Ketcham, Orion Magazine

See another of Christopher Ketcham’s #longreads: “Meet the Man Who Lives on Zero Dollars,” DETAILS, July 2009