The Reign of the One Percenters

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.

Source: Orion Magazine
Published: Sep 30, 2011
Length: 24 minutes (6,191 words)