CEOs earn 431x the earnings of what an average worker does in the U.S. today, compared to 41x in 1960.
If the minimum wage increased at the same rate as the increase of CEO pay, it would be over $30/hour currently.
The richest 1% holds over 1/3 of the total wealth in the U.S. That means the other 99% share less than 2/3 of the nation’s wealth.
If the minimum wage increased at the rate of increase of average productivity since 1968, the minimum wage in the U.S. today would be approximately $19/hour (about three times that of the current federal minimum wage).
As of 2005, the average real wage in the U.S. was $16.11, 12% below the peak levels attained 32 years earlier in 1972-1973. Meanwhile, the average productivity between 1973 and 2005 rose by 79%.
The median household incomes of Blacks and Latinos are $38,269 and $40,000, respectively, while the median household income of whites is $61,280.
People of color are disproportionately poor in the United States. Blacks and Latinos have poverty rates of 24% and 21% respectively, compared to a 10% poverty rate for whites.
Half of North Carolina families can’t make ends meet.
1 in 5 workers in the U.S. is part of the “working poor.”
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