[Vision2020] Income gap grows among U.S. workers

[Art Deco]

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Income gap grows among U.S. workers 

WASHINGTON - Fifty percent of U.S. workers earned less than $26,364 last year, reflecting a growing income gap between the nation's rich and poor, the government reported Thursday.

There were fewer jobs, and overall pay was trending down - except for the nation's wealthiest. The number of people making $1 million or more soared by more than 18 percent from 2009, the Social Security Administration said, citing payroll data based on W-2 forms submitted by employers to the Internal Revenue Service.

Despite population growth, the number of Americans with jobs fell again last year, with total employment of just under 150.4 million - down from 150.9 million in 2009.

Associated Press 


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Wayne A. Fox
wayne.a.fox at gmail.com
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