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Last week, the Congressional Budget Office released the results of a study comparing average household income in 1979 to average household income in 2005. Over this 25 year period, the top 20% of households had a 10 point increase in their incomes (with most going to the top 1%) while the other 80% of households…
And the numbers you’ll see beneath the fold does not reveal the huge disparity in benefits provided to those with public sector jobs. In 83 percent of comparable jobs, government employees make more.
Quick post about automatic pay raises. Back in the late 1990s (I think) Massachusetts residents had a big issue with the legislature voting themselves a pay raise. The result was an amendment to the Commonwealth’s constitution that set up automatic raises based on median household income. I’m sure some politicians quietly smiled, knowing that they…