An op-ed by David Cay Johnson points out that people earning between $100,000 and $400,000 per year captured “an astonishing” 75 percent of all (real) pay increases between 2000 and 2012. Twenty-two of those 75 percentage points stem from the fact that these workers earned 22 percent of the pay in 2000. So, all things equal, they would have earned 22 percent of any increase. The rest comes from 2.1 million people who had previously earned less than $100,000 joining their ... Read More
