On Thu, Dec 2, 2010 at 10:44 PM, michael perelman < michael.perelman3 at gmail.com> wrote:
> At the time that we are about to preserve the tax cuts for the very rich, a
> New York Times article shine a nice light on the extent of inequality.
>
> "At its high point, six decades ago, DiMaggio's salary came to $100,000.
> That was a lot of money in 1950, equivalent to about $900,000 today.
> DiMaggio earned about 30 times the median family income back then. Mr.
> Jeter, however, earns roughly 300 times as much as today's median family
> income -- assuming that the family has any income at all. With unemployment
> stubbornly stuck at 9 percent -- plus, many people are watching this battle
> of the millionaires with very cold noses pressed against the window."
>
> Haberman, Clyde. 2010. "Fewer Millions for Jeter? Say It Ain't So!" New
> York Times (30 November): p. A 23.
> http://www.nytimes.com/2010/11/30/nyregion/30nyc.html?ref=clydehaberman
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> mperelman at csuchico.edu
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
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-- ********************************************************* Alan P. Rudy Dept. Sociology, Anthropology and Social Work Central Michigan University 124 Anspach Hall Mt Pleasant, MI 48858 517-881-6319