High Income Workers' Share Of Total Wages Grows

growing income gap
growing income gap

By Tom Raum


WASHINGTON (AP) -- 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 over 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.