Hello! You are part of a community of millions who seek out Democracy Now! for ad-free daily news you can trust. Maybe you come for our daily headlines. Maybe you come for our in-depth stories that expose corporate and government abuses of power and lift up the voices of ordinary people working to make change in extraordinary times. We produce all of this news at a fraction of the budget of a commercial news operation. We do this without ads, government funding or corporate sponsorship. How? This model of news depends on support from viewers and listeners like you. Today, less than 1% of our visitors support Democracy Now! with a donation each year. If even 3% of our website visitors donated just $12 per month, we could cover our basic operating expenses for a year. Pretty amazing right? If you visit us daily or weekly or even just once a month, now is a great time to make a monthly contribution.

Your Donation: $

Top 74 Earners in US Earn More than 19 Million Lowest-Paid Workers

Newly released government income data show that average wages and total wages declined for all income brackets last year — except at the very top, where they leaped dramatically. The financial writer David Cay Johnston has revealed that the average income for Americans in the highest income bracket — those earning more than $50 million a year — increased fivefold, to an average income of just over $500 million. Johnston writes, "These 74 people made as much as the 19 million lowest-paid people in America, who constitute one in every eight workers."
The latest government statistics also show that millions of unemployed workers didn’t earn any money last year. One out of every thirty-four Americans who earned wages in 2008 went all of 2009 without earning a single dollar.

See all headlines for this show

Creative Commons License The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.