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If Wages Had Kept Up With GDP, This Is What The Median Salary Would Be In The US

2020-09-20 5 Dailymotion

Wages in the US have not kept up with the pace of growth in the gross domestic product, or GDP, as they used to in the 1950s and 1960s.<br />In fact, a new report finds that the median salary would have been as high as $102,000 for a full-time employee if wages increased at the same pace as GDP.<br />According to Business Insider, the median income right now is half that, at $50,000.<br />The average wage of 44% of workers before the pandemic was as low as $18,000.<br />And as wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.

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