According to a new report from the Institute for Policy Studies and United for a Fair Economy, the ratio of average CEO pay compared to worker pay spiked to 431-to-one in 2004, up from 201-to-one last year.
The have not, on the other hand are not doing so well.
The percentage of the U.S. population living in poverty rose to 12.7 percent from 12.5 percent in 2003, as 1.1 million more people slipped into poverty last year, the Census Bureau said in its annual poverty report.
The ranks of the poor rose to 37.0 million, up from 35.9 million the previous year, the report said.
The is the 4th year ina row that the poverity rate has grown. You have to go back to the Late 80s and early 90s to find rates higher that the current one. One of the most interesting point in this study is the poverty growth occurred almost exclusively in non-hispanic whites.
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"You have to go back to the Late 80s and early 90s to find rates higher that the current one"
which would be under another Republican administration.
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