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What The Wall Street Protests Are About
Posted 7 months agoOccupy Wall Street protesters are particularly irate about the share of the total income pool that the top 1% of the population takes home. It's a valid point as in 2007 it was disturbingly similar to the level just before the Great Crash in 1929.
Source: Thomas Piketty and Emmanuel Saez, 'Income inequality inthe United States, 1913-1998', Quarterly Journal of Economics 118 (1), 2003. Updated to 2007. -
What The Wall Street Protests Are About
Posted 7 months agoThe 'Occupy' protests are objecting to a number of things, but chief among their concerns is this: the fact that while their wages are going nowhere, being cut, or disappearing as jobs are lost, CEOs are still making ever more money.
Source: "Executive Excess 2008", the 15th annual CEO Compensation Survey from the Insitute for Policy Studies and United for a Fair Economy