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The rest of us

Dear Editor:

Some interesting factoids from the Department of “What About the Rest of Us?”

1. 95 percent of all gains from economic growth between 2009 and 2012 went to the top 1 percent of the population. In every year since 2004 the twenty-five highest paid hedge fund managers have received more income than all of the chief executive officers of the S&P 500 companies combined; $537 million in 2012 (pubs.aeaweb.org/doi/pdfplus/10.1257/jep.27.3.35).

2. Between 1973 and 2011 productivity increased 80 percent, while median hourly compensation rose only 11 percent (epi.org/publication/ib330-productivity-vs-compensation/).

Terry Pickett

This story was posted on May 15, 2014.