Socialist Security #1

James Baird jlbaird3 at
Thu Jul 23 15:57:13 PDT 1998

>Max's colleagues at EPI say that the 90th percentile of the wage
>distribution earned $24.73 in the first half of this year (about $21
>women and $27 for men). $68,400 works out to an hourly of almost $33,
>33% above the 90th percentile. So I'd say we're talking about the top
>of workers. There's a nifty chart of real earnings from 1973-98 for men
>women at the 1st, 5th, and 9th deciles in LBO #84, now on press. Nice
>recent wage gains, led by the bottom, but there's a long way to go.

One thing I've always wondered about this kind of statistic: when they say "average wage" are they talking only about hourly workers? Maybe I'm living in a San Francisco/Silicon Valley bubble, here, but 68k doesn't seem like a whole lot to be the top 5-7%...

Jim Baird

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